US Stock Market Live Updates: Dow Jones soars 1,000 points at open as Democrats win Congress; data center stocks slide

US Stock Market Live Updates: AMD leads chip stocks higher on growth forecast

AMD jumped 6.2% after forecasting faster-than-expected growth in 2027, supported by rising data centre sales and its growing challenge to Nvidia. Other chipmakers also traded higher, with Nvidia gaining 0.5%, Micron Technology rising 0.1% and Broadcom adding 0.2%. However, the broader AI trade remained under pressure as investors questioned whether Big Tech’s massive investments would generate adequate returns.