Market momentum centered on the semiconductor sector, where Sandisk posted a striking 13.7% gain, while Micron added 4.2% to its valuation. These moves helped anchor broader indices, effectively silencing earlier concerns regarding the sustainability of heavy capital spending on AI infrastructure. Even as CoreWeave faced a minor pullback following its recent rally, the overall sentiment remains buoyed by strong financial guidance from industry titans like Microsoft and Amazon.
Economic stability is providing the necessary floor for these gains. With producer prices holding steady and the labor market showing resilience, investors are increasingly confident that the economy can support high-growth tech investments without triggering further inflationary pressure.
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