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News 2026-10-19 20:09 UTC

Chip Stocks Rebound as AI Optimism Lifts Nasdaq Ahead of Earnings - Market Wrap

US stocks advanced as investors bought semiconductor shares following a recent selloff, betting that continued investment in artificial intelligence will support strong corporate earnings. A gauge of major chipmakers rose 1.6%, while the Nasdaq 100 gained 1.2%, signalling a recovery in sentiment toward the AI trade. Me