New Delhi, May 6 -- Technology stocks across the US and Asia are witnessing a strong rally, driven by sustained optimism around artificial intelligence (AI) and aggressive capital spending by global tech giants.

Shares of chipmakers led the gains. AMD rose 4.02% and surged over 16% in extended trading ahead of its quarterly results on Tuesday. Intel shares jumped 13% and Apple stock price also advanced 2.64%, reflecting broader strength in AI-linked names.

The rally in semiconductor stocks pushed the Philadelphia Semiconductor Index up 4.2% to a record high. The index has now gained 55% so far in 2026. Broader markets mirrored the momentum. Both the S&P 500 and Nasdaq Composite closed at record highs, supported by gains in AI and semico...