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US stocks: S&P 500 notches first record high close in 2 years; chipmakers soar

"It really is an encouraging day in terms of the action, and 4,800 certainly has been a key level which has been difficult to surmount. So if we continue to move in this direction, thats going to be a very positive sentiment sign," said Lisa Erickson, head of public markets at U.S. Bank Wealth Management in Minneapolis.
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US stock market: The S&P 500 closed at a record high on Friday, driven by a surge in tech stocks, particularly those of chip-making companies that are buoyed by optimism surrounding artificial intelligence (AI) advancements. The index climbed 1.23 per cent to close at 4,839.81 points. The tech-heavy Nasdaq index advanced 1.70 per cent to 15,310.97 points, and the Dow Jones Industrial Average increased by 1.05 per cent to 37,863.80 points., Markets News, Times Now
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Super Micro Computer shares surge as AI server demand powers big forecast raise, ET Telecom

Super Micro Computer: "We speculate that the companys upside is importantly driven by earlier-than-expected hyperscale engagements, that are keen on deploying quickly liquid cooled racks that uniquely falls into Supermicros area of expertise," Rosenblatt Securities analyst Hans Mosesmann wrote in a note.
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