Strength in Chipmakers Boosts Stock Indexes

US stocks edged higher, with the Nasdaq 100 leading gains as chipmakers and AI infrastructure names rallied. The move was driven by strong demand for SK Hynix’s U.S. listing, which was said to be more than seven times oversubscribed and could raise about $24.5 billion. Semiconductor strength lifted the broader market, while trucking stocks also advanced after a Citigroup sector upgrade. The article also noted a modest supportive backdrop from stronger-than-expected U.S. jobless claims, though weaker existing home sales and ongoing US-Iran hostilities tempered sentiment. WTI crude fell more than 1% after an early spike, easing pressure on travel-related stocks. Overall, the market tone was constructive for tech-heavy indexes, especially the US Tech 100, with AI spending expectations and semiconductor leadership supporting near-term upside.