TechnologyPhoto: NDTV BusinessChip Stocks Boost Nasdaq as Nvidia, AMD Rise; Meta Faces $25B Penalty
US technology stocks rose on Wednesday, led by chipmakers Nvidia and AMD, as strong earnings from AI-related companies revived investor confidence. The Nasdaq Composite gained 1.05%, reaching 26,701.12, while the S&P 500 and Dow Jones also advanced. The Philadelphia Semiconductor Index climbed 1.3%, recovering from its longest losing streak in 18 years. Meta faces a $25 billion penalty over data privacy violations ahead of earnings.
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