Dell Surges 100% as S&P 500 Climbs 5.3% in AI-Driven May Rally

The S&P 500 rose 5.3% in May, extending a tech-led advance fueled by AI infrastructure spending. Information-technology stocks led with a 16.0% gain while Dell jumped 100.1% and Micron rose about 84%, briefly reaching a $1 trillion market cap. Semiconductor ETF SOXX climbed 24% for the month, lifting the broader index to a 10.9% year-to-date advance and positioning it for a potential nine-week winning streak.