US Stock Market Move | Nasdaq increased by 1.5%, reaching a new historical high, with the hardware stocks of AI exploding.

On Friday, the Nasdaq Composite Index rose by 1.5%, hitting a new all-time high again. AI hardware stocks surged, with Intel Corporation (INTC.US) soaring over 23% to refresh its historical high. AMD.US rose over 14% to hit a new high, while NVIDIA Corporation (NVDA.US) and Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) rose over 5%, and ASML Holding NV ADR (ASML.US) and Micron Technology, Inc. (MU.US) rose over 3%. In terms of news, Wei Li, Global Chief Investment Strategist of BlackRock, Inc., stated that as part of their artificial intelligence strategy, the asset management company had increased its holdings in semiconductor and hardware stocks. Li commented on Friday that the artificial intelligence industry is currently in a development stage, and it is still unclear who will dominate, whether it will be model providers, computing providers, or companies with strong data and intellectual property rights. Li gave an example of post-solar power generation without access to the grid, noting that advancements in energy production technology allow businesses to increase capital expenditure. Additionally, with tech stock valuations "returning" to levels consistent with the overall market, these trends support BlackRock, Inc.'s overweight position on artificial intelligence and the U.S. stock market. She mentioned that despite the rise in oil and gas prices due to the Middle East conflict, especially in Europe and the Asia-Pacific region, risk assets have shown astonishing resilience. The U.S. stock market has risen in the mid-single digits, attributed by Li to the relatively high energy independence of the United States and the maintenance of good credit spreads.