Tech stocks, including Nvidia and chipmakers, lead Nasdaq to 6th consecutive day of gains.

From Yahoo Finance: 2025-05-14 16:05:00

Shares of AI leaders and chipmakers surged as trade tensions eased and new chip deals with Saudi Arabia boosted the tech sector. Super Micro Computer stock rose 17% after Raymond James initiated coverage. Nvidia shares gained 3% premarket, nearing a $3 trillion market cap. Tesla stock climbed 3% as the board explores a new pay package for Elon Musk. Advanced Micro Devices stock jumped 4% after striking a $10 billion deal with Saudi Arabia. Sony reported a weak financial outlook but beat earnings estimates, with US-listed shares up over 5%.

Read more: Nasdaq notches 6th day of gains as Nvidia, chips lead tech rally