AI Semiconductor Rally Lifting SPX

""There's definitely euphoric sentiment in the market around AI. The rally has really been driven by earnings," said Ohsung Kwon, chief equity strategist at ​Wells Fargo."

"Strength in earnings and renewed optimism in the AI trade have allowed investors to some extent to look past surging oil prices, the war and other negative factors."

"Optimism around artificial intelligence, lower oil prices, and easing bond yields are supportive for the broader equity market."

"Wall Street, on the other hand, has climbed back up to record highs this month as rekindled optimism in the AI trade and faith in resilient earnings growth kept equities in demand."

"The company's earnings reinforced confidence in the artificial intelligence investment theme that has powered much of the market's gains."

"Wall Street’s main indexes closed more than 1 per cent higher on May 20, bouncing back from a three-day selloff with a boost in sentiment from technology and chip stocks, which rose ahead of Nvidia’s quarterly results."

"Chipmakers rallied on Thursday amid optimism that the summit between President Trump and China’s Xi Jinping could lead to a series of trade deals, especially around semiconductors."

"More hot inflation data meant a cold open for stocks, but optimism about the long-term potential of the artificial intelligence (AI) revolution and the near-term promise of a U.S.-China summit lifted two of the three main equity indexes into the green on Wednesday."

"US stocks closed slightly higher on May 11, with AI optimism fuelling upward momentum even as the earnings-driven fervour of the recent rally eased."

"Chipmakers and AI-infrastructure stocks rose on Monday amid continued optimism over AI infrastructure build-outs."