U.S. semiconductor, memory chip, server, and application software stocks saw a broad surge, with multiple stocks hitting new record highs.

GLONGHUI, May 29 – US stocks in the semiconductor, memory chips, servers, and application software sectors surged across the board. Super Micro Computer rose over 13%, Oracle gained more than 5%, Qualcomm increased by 5.3%, Intel jumped nearly 4%, Broadcom rose by 3.2%, approaching its all-time high. Micron Technology advanced 3.5%, continuing to refresh its all-time high; Microsoft gained more than 3%. ARM climbed nearly 5%, reaching another record high. Earlier, Dell soared 35% at the open, marking its biggest gain since 2024.