Nasdaq Climbs as Memory Chip Stocks Extend Their Rally

US markets showed diverging performance, with the Dow Jones declining while the tech-heavy Nasdaq gained ground, buoyed by an ongoing rally in memory chip manufacturers. Shares of Micron and Sandisk continued climbing amid sustained optimism about demand for memory chips used in data centers and artificial intelligence applications. The semiconductor sector remains one of the key drivers of the tech index's growth this year, fueled by major tech companies' investments in AI infrastructure. The divergence between the Dow and Nasdaq reflects a broader trend of capital rotating into technology and growth stocks amid uncertainty in traditional economic sectors. Investors should keep an eye on further signals from the semiconductor market, which often serves as a leading indicator for the broader tech sector.