
Technology and AI-related shares led gains as investors looked past U.S.-Iran tensions and focused on signs AI spending and capital investment could remain resilient for another two to three years.
U.S. stocks ended higher, led by technology shares, with the Nasdaq up 1.3%, the S&P 500 gaining 0.81% and the Dow rising 0.27%, while the VIX fell 6.27%, according to Odaily citing MSX.COM data. AI-related stocks advanced broadly, including Arm, up 9.2%, Tempus AI, up 7.39%, Astera Labs, up 6.18%, Atlassian, up 6.13%, and AMD, up 5.67%. Earlier in the session, markets had opened only slightly higher after a weaker initial tone, as investors looked past the latest U.S.-Iran conflict and refocused on the durability of the AI investment cycle. Goldman Sachs said client discussions showed no material fundamental concerns about AI trades or capital spending, while BlackRock economist Helen Jewell said existing AI investment commitments could support the theme for another two to three years.