Stocks Close Near Record Highs As AI Chipmaker Rally Lifts Tech Sector
• S&P 500 ends near record high as AI chipmakers like Nvidia and AMD rally • Taiwan Semiconductor projects over 20% revenue growth in 2024 on AI chip demand • Apple stock upgrades help push tech sector to new highs • Jobless claims hit 2022 low, but rate cut expectations ease after strong data • Humana and some banks fall on weak earnings reports