Stocks Rise as Chipmakers Rebound on Strong AI Demand
Stocks edged higher on April 16, 2026, with the S&P 500 and Nasdaq 100 hitting new record highs, driven by a rebound in chipmakers. Taiwan Semiconductor Manufacturing Co (TSM) raised its 2026 revenue forecast due to strong AI demand. However, gains were limited by rising crude oil prices and mixed economic data.
Tickers: $AAPL $DIA $NVDA $QQQ $SPY $TSLA $TSM
Topics: AI_demand chipmakers economic_data geopolitical_relations stock_market