AI still driven US Market has been raised for few years. After market closed, summary info are as below:
Semiconductors and tech led a broad market surge today, with the Trump-Xi Beijing summit and reports of U.S. clearance for Nvidia H200 chip sales to select Chinese firms acting as the primary macro catalyst. The S&P 500 and Nasdaq hit fresh record highs, driven by AI infrastructure optimism and improving U.S.-China trade relations.
NVIDIA was a standout, hitting a new all-time high of $236.54 — up +4.4% — on the China chip news and CEO Jensen Huang’s presence at the Beijing summit. Multiple analysts raised price targets, including Bank of America to $320 and Cantor Fitzgerald to $350, ahead of NVIDIA’s May 20 earnings report. The stock has now climbed roughly +7% over the past three sessions. Broadcom surged +5.5% to near its 52-week high of $442.36, fueled by a Wells Fargo upgrade with a target raised to $545, which argued AI semiconductor revenue is tracking 30–40% above prior Wall Street expectations — setting up a strong narrative into its June 3 earnings. Taiwan Semiconductor Manufacturing gained +4.5%, also closing near a 52-week high, after its technology symposium raised the global semiconductor market forecast to over $1.5 trillion by 2030, with AI and HPC projected to account for 55% of demand.
Palo Alto Networks rose +4.6% to a fresh 52-week high of $239.15, buoyed by the broader tech rally and a Jefferies price target hike to $265. The company’s newly launched Idira AI identity security platform has continued to generate positive investor momentum across multiple sessions, extending a +10%+ gain over the past three days.
The biggest mover on the list was Ondas , which exploded +26.5% on extraordinary volume of over 243 million shares — a landmark Q1 earnings beat that saw revenue surge 1,079% year-over-year to $50.1 million, blowing past estimates by over $10 million. The company raised full-year 2026 revenue guidance to at least $390 million, reported a pro forma backlog of $457 million, and announced an expanded Palantir partnership via its SkyWeaver AI platform. The stock has more than quadrupled from its 52-week low of $0.76, reflecting a dramatic defense-sector and autonomous drone demand story playing out in real time.