Nasdaq-100 Climbs 3.28% as AI-Related Shares Rebound

U.S. technology shares climbed, with the Nasdaq-100 up 3.28% as gains in AI-related networking and storage stocks accompanied a broader stock market rebound. Coherent Corp. (COHR) rose 17.28%, leading the optical networking names in the market snapshot. Lumentum Holdings Inc. (LITE) gained 13.71%, Marvell Technology Inc. (MRVL) climbed 11.59% and Applied Optoelectronics Inc. (AAOI) added 7.44%. Storage shares also advanced. Seagate Technology Holdings plc (STX) gained 9.21%, Western Digital Corp. (WDC) rose 8.4% and Micron Technology Inc. (MU) added 7.14%. The gains extended across several companies tied to the equipment used in AI computing. Chipmakers moved in different directions. Advanced Micro Devices Inc. (AMD) rose 11.2%, while Nvidia Corp. (NVDA) fell 3.8%. Nvidia’s decline meant the rebound did not extend to every major AI-related stock.

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