Nasdaq Hits New High as Investors Bet on AI Driving Growth for Tech
- Nasdaq index hits new high following investor optimism about AI and companies like Nvidia
- Investors expect AI to drive growth and are buying shares in chipmakers and tech firms
- Nasdaq rose 0.9% to 16,091.92, recovering from 2021 slump
- Dow and S&P 500 also hit recovery milestones, with 4 months of gains
- Smaller tech firms like AMD and Dell climbing as businesses invest in AI computing