The Nasdaq and S&P 500 hit record highs, thanks to lower Treasury yields and positive news from Nvidia, CrowdStrike and ASML. But the small-cap Russell 200 fell.
Semiconductor stocks like Micron Technology (MU), QUALCOMM Incorporated (QCOM) and Advanced Micro Devices (AMD) are likely to gain from the ongoing enthusiasm surrounding AI.
Investors may be enthusiastic about stock splits, but business fundamentals are the only reason to purchase a stock.