The chip giants winged Wall Street’s rise – Nokia also in a strong bet

A rebound in major chipmakers lifted Wall Street stocks, even as tensions between the United States and Iran have risen again. However, the price of oil was falling on Thursday.

The S&P 500, which broadly tracks large companies, strengthened by 0.8 percent. The flagship Dow Jones index rose 0.3 percent. The technology-focused Nasdaq advanced 1.3 percent.

Shares of technology companies benefiting from the artificial intelligence boom have fluctuated in recent weeks, as the market ponders intensifying competition, possible overcapacity and the real returns on giant investments.

However, the South Korean chip manufacturer speaks of the strong confidence of investors SK Hynix Friday’s US listing. According to the Bloomberg news agency, the listing was oversubscribed more than seven times.

This week, semiconductor companies have received support from investment announcements.

Broadcom has received a lift Apple– cooperation, and on Thursday Micron Technology said it plans to invest $250 billion in new factories in the United States to meet the demand created by the artificial intelligence boom. Previously, the company had said the amount of investments was 200 billion dollars.

On Thursday, Broadcom rose 3.2 percent. AMD advanced 5.7 percent, Micron rose 4.5 percent and Intel 2.1 percent. Nvidia fell by 0.7 percent.

Despite the geopolitical risks, the market’s attention is shifting to the beginning earnings season.

“Companies must be able to do more than exceed forecasts. They must demonstrate that profit margins remain high and that guidance is strong and even better than analysts’ forecasts,” he says. Ameriprise market strategist Anthony Saglimbene Bloombergille.

The focus is especially on large technology companies. On Thursday, Apple gained 0.9 percent, Amazon 1.4 percent and Microsoft 0.3 percent. New AI model announced Meta advanced by 4.7 percent. Tesla rose by 3.2 percent.

Alphabet fell by 0.8 percent.

A space company SpaceX increased by 2.6 percent.

A Finnish quantum computer company listed in the US IQM increased by 6.5 percent. Trading with the company’s certificates of deposit began on Thursday of last week.

Network equipment manufacturer on the New York Stock Exchange Nokia rose eight percent. Nokia’s depository receipt or ADR is listed on the New York Stock Exchange.