Investor optimism around artificial intelligence boosted tech stocks, driving the Nasdaq and S&P 500 higher. Companies like Nvidia and Broadcom saw significant share price jumps, reflecting confidence in AI’s growth potential. The rally was supported by a surprise cooling in the November CPI report, leading to expectations of future rate cuts. Among impacted stocks, AMD’s volatile shares suggest the market sees the news as meaningful but not altering its perception of the business. Despite being down 18.9% from its 52-week high, AMD is up 77.6% YTD, presenting a potential buying opportunity in high-quality stocks.

Read more at Barchart: AMD, Intel, KLA Corporation, Western Digital, and Nova Stocks Trade Up, What You Need To Know