Nasdaq Composite Hits Record 30,170 as U.S. Technology Stocks Extend Rally

The Nasdaq Composite set a fresh all-time high as U.S. technology stocks extended their rally. According to Bybit market data cited by PANews, the index reached 30,170 during the session, while the older report states it later closed at a record high. Chip stocks were identified as a key driver of the advance, underscoring the importance of semiconductor shares to the Nasdaq because large technology and artificial intelligence-related companies are heavily represented in the index. The move also reflected continued strength in growth-oriented equities, a segment closely watched by digital asset traders as changes in risk appetite in technology stocks can influence broader crypto market sentiment.

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