Nasdaq Hits Record High as AMD Jumps Over 11% in Market Rally

US stocks ended higher Wednesday with strong gains in chipmakers, led by AMD’s 11.3% surge pushing its valuation past $380 billion.

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Terms & Concepts
  • Market Capitalization: The total market value of a company's outstanding shares of stock, calculated by multiplying the share price by the number of shares.
  • Nasdaq Composite Index: A stock market index that includes over 3,000 companies listed on the Nasdaq stock exchange, often heavily weighted toward technology companies.
  • Semiconductor Stocks: Publicly traded companies engaged in the design and manufacturing of semiconductor chips used in electronics.