Nasdaq 100 closes at record 30,732 as AI trade lifts chip stocks

  • The Nasdaq 100 rose 0.8% to close at a record 30,732 as artificial-intelligence infrastructure and semiconductor shares advanced.
  • Nvidia gained 0.7%, Micron 5% and Sandisk 6.8% after a Rosenblatt upgrade, while Applied Materials rose 1.8%.
  • The S&P 500 finished flat and the Dow added 185 points, despite JPMorgan falling 3.4% and Bank of America declining 3%.

U.S. stocks finished mixed Tuesday, Sept. 23, as the Nasdaq 100 rose 0.8% to a record close of 30,732 on renewed enthusiasm for artificial-intelligence infrastructure and chipmakers. Nvidia gained 0.7%, Micron rose 5% and Sandisk jumped 6.8% after a Rosenblatt upgrade, while Applied Materials added 1.8%. The S&P 500 closed flat after recovering from earlier losses, and the Dow added 185 points, although bank stocks including JPMorgan and Bank of America declined. Investors also monitored Treasury yields, oil and developments involving the United States, Iran and China.

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