The S&P 500 closed above 7,800 for the first time in history, with the Nasdaq also finishing at a record high. The rally was powered by a surge in AI chipmakers and helped by a modest dip in U.S.
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The board authorized an extra $150 billion in repurchases, lifting the program to $235 billion through fiscal 2028. The largest buyback authorization to date.

#AI #Buyback #Chipmakers #Nvidia #Semiconductor #Stocks

Shares in China's biggest memory chip maker jumped nearly 470 percent on its Shanghai Star Market debut, making CXMT the most valuable listed firm

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Memory maker Micron expects AI-driven memory demand to outpace expanding supply through 2028, intensifying competition for chips among data-center and device makers.

#AI #DRAM #HBM #Chipmakers #ChipIndustry