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US stocks rise as chips jump; Dow at record high
January 08, 2026
|Business World Philippines
US STOCKS ended higher on Tuesday, as chip stocks surged on renewed artificial intelligence (AI) optimism, Moderna rallied and the Dow Jones Industrial Average reached a record high.
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Moderna jumped almost 11% after BofA Global Research raised its price target on the drugmaker, helping lift the S&P 500 healthcare index 1.96%.
Memory and storage technology stocks rallied after Nvidia Chief Executive Officer Jensen Huang, speaking at the Consumer Electronics Show in Las Vegas, gave details about upcoming AI processors that include a new layer of storage technology.
SanDisk jumped over 27%, Western Digital rallied 17%, Seagate Technology gained 14% and Micron Technology rose 10%, with all four stocks hitting record highs.
The PHLX chip index also hit an all-time high, up 2.75% for the day and bringing its gain in the first three trading sessions of 2026 to about 8%.
هذه القصة من طبعة January 08, 2026 من Business World Philippines.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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