Anything related to AI or anything that could be related to AI is surging.
Today it’s chipmakers lead the way with Broadcom and Intel as the two top performers. Nvidia has flattened out after gapping higher on earnings at the end of may but still trades at 35x sales. Tesla is on track for a 12th consecutive gain.
The rally has helped lift the Nasdaq to a fresh high since April 2022.
Nasdaq daily