U.S. stocks closed higher with the Nasdaq up 3.07% and the VIX down 16.67%, while AI-related semiconductor and memory shares including Western Digital, Micron, AMD, Marvell and Arm posted strong gains.
U.S. stocks finished higher, led by a 3.07% rise in the Nasdaq, while the S&P 500 gained 1.65% and the Dow added 0.92%; the VIX, Wall Street's volatility index, fell 16.67%. Within the broader rally, AI-linked semiconductor and memory shares outperformed. Western Digital jumped 16.1%, Micron rose 10.84%, Marvell gained 10.43%, Tempus AI added 9.41%, Arm advanced 8.33%, onsemi climbed 7.8%, AMD rose 6.98%, Sandisk gained 6.45%, Qualcomm added 4.29%, Nvidia rose 3.54%, Seagate gained 3.11%, and Intel advanced 2.64%. BlockBeats, citing Bitget market data, also said four major memory companies reached record highs.