Nasdaq ends higher as Alphabet, AMD fuel AI surge

The S&P 500 climbed 0.80% to end the session at 4,585.59 points, the Nasdaq jumped 1.37% to 14,339.99 points, while Dow rose 0.18% to 36,117.57 points.

BENGALURU: The Nasdaq ended sharply higher on Thursday after Alphabet and Advanced Micro Devices sparked a megacap rally on fresh optimism about artificial intelligence.

Shares of Alphabet jumped 5.3% as analysts cheered the launch of the Google-parent's newest AI model, while AMD soared nearly 10% after the company estimated the potential market for its data center AI chips could reach US$45 billion this year.