NEW YORK -- Tech shares rallied early Wednesday, pushing the Nasdaq composite up over 2.5% after Microsoft and AMD earnings underpinned renewed enthusiasm for artificial intelligence spending.
U.S. tech stocks rally on renewed AI enthusiasm
Chip stocks lead a U.S. rally following reports of foreign chip equipment export restrictions will exempt Washington's allies. © Reuters
NEW YORK -- Tech shares rallied early Wednesday, pushing the Nasdaq composite up over 2.5% after Microsoft and AMD earnings underpinned renewed enthusiasm for artificial intelligence spending.