Nasdaq Surges 2.78% While Memory Chip Stocks Rally Sharply

U.S. equities closed higher with Nasdaq up 2.78%. Memory chip leaders Micron, SanDisk, and SK Hynix posted double-digit gains, driving the sector rebound.

Woofun AI reports that U.S. stock markets closed higher on Thursday, with the Nasdaq Composite rising 2.78%, outpacing the S&P 500’s 1.67% gain and the Dow Jones Industrial Average’s 1.19% increase. The rally was heavily driven by the semiconductor sector, where Micron Technology surged 18%, SanDisk jumped 26%, and SK Hynix climbed 17%. Nvidia also posted a gain of over 2%. In Chinese equity listings, the Nasdaq Golden Dragon China Index rose 1.05%, led by iQIYI’s 4% advance.