US stocks open higher. NASDAQ index leads the way higher.

US stocks opened higher, with the NASDAQ leading gains as AI and chip shares rallied broadly. The article frames the move as a risk-on start to the week, helped by hopes for a cease-fire in the Straits of Hormuz. Technically, the NASDAQ is testing its 100-hour and 200-hour moving averages, while the S&P 500 is trading just below its 100-hour moving average. A sustained break above these levels could signal additional upside, but the market is still at an inflection point. The biggest support is coming from semiconductor and AI-related names, which are showing strong percentage gains across the sector.