With the support of artificial intelligence chip stocks, the NASDAQ Composite Index rose 1% to a new all-time high.

Boosted by artificial intelligence chip stocks, the Nasdaq Composite Index rose by 1% to 24,691.23 points, hitting another record high. NVIDIA's stock price increased by 4.55%, TSMC's stock price rose by 5.21%, Micron Technology's stock price rose by 4.45%, AMD's stock price rose by 13.67%, and Intel's stock price rose by 23.94%.