S&P 500, Nasdaq Hit Records Driven By Chip Stock Rally
The S&P 500 gained 18.3% in six months, surpassing Goldman Sachs' index excluding AI enablers, which rose 6.7%. Both the S&P 500 and Nasdaq Composite closed at record highs on Tuesday, fueled by a rally in chip stocks.
4% below its high. The benchmark and Nasdaq Composite both closed at records on Tuesday, according to BeInCrypto, as chip stocks including AMD, Marvell, Synopsys and Cadence Design S…