True
New York equities rallied on renewed optimism over artificial intelligence, with the Nasdaq Composite setting a fresh record high and Meta shares surging 11 percent.
Technology stocks led the advance as investors leaned further into the AI theme. The Nasdaq Composite finished at a record high, a milestone session for the index most closely associated with the artificial intelligence rally. Meta delivered the headline move of the day, with its shares climbing 11 percent as enthusiasm for AI-exposed megacaps ran hot on the trading floor.
The strength of the session underscores how firmly AI expectations have become the anchor trade for U.S. technology equities, with a single megacap earnings-and-sentiment cycle capable of pulling the entire index to new highs.
The Wall Street advance is being tracked closely in Seoul, where Samsung Electronics and SK hynix sit deep in the global semiconductor supply chain feeding AI data centers. A record-setting Nasdaq session reinforces the AI-driven appetite for chip and hardware exposure that has shaped capital flows across global technology markets, including Korea's semiconductor and PC hardware sectors.
AI optimism lifted the Nasdaq to a record high, and Meta did jump 11 percent — the claim is True.
