Thursday, 22 October, 2026
AI Appetite Reignited: Strong Earnings Push Nasdaq Up Over 1%
By TechShots Studio
The tech-heavy Nasdaq jumped over 1% as strong quarterly results and upbeat forecasts from SpaceX and Super Micro Computer restored market confidence in artificial intelligence spending. Super Micro's stock surged nearly 10% after reporting robust server demand, lifting tech peers and the broader semiconductor sector. The gains helped offset investor caution and pullbacks in mega-caps like Netflix and Alphabet.
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