EPISODE · May 8, 2026 · 7 MIN
AI Deals and Chip Strength Propel Nasdaq-Led Rally; $SPY Up 0.83%, $QQQ Surges 2.34%
from Alpha Casts - AI Market Intelligence
$SPY $QQQ — A tech-led risk-on session sent the Nasdaq-100 sharply higher while the S&P 500 and small caps also advanced. News of a blockbuster AI deal and strong semiconductor momentum drove rotation back into growth; traders now watch macro data and Fed messaging for confirmation.
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AI Deals and Chip Strength Propel Nasdaq-Led Rally; $SPY Up 0.83%, $QQQ Surges 2.34%
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