Chip stocks experienced a significant boost, with notable increases among major players. Arm (ARM, Financial) saw its shares rise by over 5%, showcasing strong market confidence. Other prominent companies in the sector also performed well, with ASML (ASML) and NVIDIA (NVDA) both seeing their stock prices climb by more than 3%. Additionally, Taiwan Semiconductor Manufacturing Company (TSM) experienced a rise of over 1.5%.
The Nasdaq 100 Index benefited from this upward trend, expanding its gains to 1% and reaching its highest level since mid-July.
