Semiconductor and AI Big Tech Rally Lifts S&P 500, Nasdaq to New Highs

In New York trading, the S&P 500 and Nasdaq again reached record highs as semiconductor shares and major artificial intelligence-related big tech stocks rose broadly, even as a sharp increase in the April Producer Price Index raised inflation concerns. The price data emerged as a market burden, but investor appetite for AI demand and the semiconductor sector helped lift the major indexes. The move reflects a session in which inflation caution and technology-stock strength appeared at the same time. Markets are expected to watch the direction of semiconductor and AI-linked large-cap names while weighing pressure from inflation indicators. Source: mk.co.kr