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Stocks Hit Record on Jobs Data as Chipmakers Surge
News May 08, 2026 at 01:22 PM
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What You Need To Know
- A revival of the AI trade has fueled an 11% jump in a gauge of semiconductors since last Friday.
- Stock prices follow earnings and – at least for now – they’re growing too quickly for investors to ignore.
- About 82% of the S&P 500’s companies have beaten first-quarter profit estimates, according to data compiled by Bloomberg.
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