Mumbai, Feb. 25 -- The Nasdaq jumped 236.41 points (1%) to 22,863.68, the Dow advanced 370.44 points (0.8%) to 49,174.50 and the S&P 500 climbed 52.32 points (0.8%) to 6,890.07.

Semiconductor stocks helped lead the move back to the upside, with the Philadelphia Semiconductor Index jumping by 1.5% to a new record closing high. Chipmaker Advanced Micro Devices (AMD) turned in one of the sector's best performance, surging by 8.8%. The rally by AMD came after the company announced a 6-gigawatt agreement to power Meta's (META) next generation of AI infrastructure across multiple generations of AMD Instinct GPUs.

Networking stocks were significantly strong, as reflected by the 1.5% gain posted by the NYSE Arca Networking Index. Oil service, g...