U.S. stocks in semiconductors, storage chips, servers, and application software all surged, with many stocks reaching new all-time highs again

Golden Finance reports that on May 29, the U.S. stock market saw a broad surge across semiconductors, memory chips, servers, and application software. AMD (up more than 13%), Oracle (up more than 5%), Qualcomm (up 5.3%), Intel (up nearly 4%), Broadcom (up 3.2%), and Micron Technology (up 3.5%) all rallied, with many of them nearing or refreshing historical highs; Microsoft rose more than 3%. ARM jumped nearly 5%, again setting a new historical high. Earlier, Dell surged 35% at the opening of trading, setting a historical high and also marking the biggest gain since 2024.
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