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A fresh wave of capital rotating into artificial intelligence hardware lifted Wall Street broadly, pushing both the S&P 500 and Nasdaq higher in a session that played out despite Brent crude approaching $92 per barrel and persistent inflation concerns.
Micron Technology (MU) gained 13% to lead the AI hardware complex, while Nvidia (NVDA) extended its recent advance.
The AI trade's return: what the session's leaders reveal Interest in artificial intelligence returned as the session's organizing theme. Micron's 13% advance was the standout single-stock move in the group.
Memory chips sit upstream in the AI hardware supply chain, and a gain of this magnitude on a day when the broader AI trade found buyers suggests funds rotating into the sector are distributing capital across the stack, including the component layer.
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