WS #11565
US tech stocks surged with Nasdaq +1.12%, S&P 500 +0.72%, Dow +0.29% (record close above 53,000), led by semiconductor names (AMD +6.6%, Western Digital +7.1%, Broadcom +3%+) on AI demand optimism, Samsung profit beat, and Broadcom-Apple chip deal extension. Microsoft announced 4,800 job cuts (~2.1% of workforce), with 3,200 in Xbox, as part of AI-driven restructuring; MSFT shares fell ~1%.
US Tech Rally / Semiconductor Strength
US tech stocks surged with Nasdaq +1.12%, S&P 500 +0.72%, Dow +0.29% (record close above 53,000), led by semiconductor names (AMD +6.6%, Western Digital +7.1%, Broadcom +3%+) on AI demand optimism, Samsung profit beat, and Broadcom-Apple chip deal extension.
Microsoft announced 4,800 job cuts (~2.1% of workforce), with 3,200 in Xbox, as part of AI-driven restructuring; MSFT shares fell ~1%.