S&P 500, Nasdaq Hit Records on AI Chip Surge
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- S&P 500 closed at a fresh record high, driven by a surge in AI chip stocks.
- Nasdaq posted its longest winning streak since 1992, underscoring the tech rally.
- Reuters reported that the tech sector led an AI‑driven trade while oil prices fell.
- Yahoo Finance noted oil price declines even as the market rallied higher.
- Bloomberg.com said Asian markets tracked U.S. gains, buoyed by truce optimism.
Why it matters: Tech investors win as AI chip stocks lift the S&P 500 to a fresh record, while oil producers lose as prices drop. Nasdaq's streak, the longest since 1992, fuels capital inflows into growth stocks, tightening competition for capital across sectors.
