Topic Intelligence: nasdaqgs

The Nasdaq Composite reached an intraday all-time high and record close on Monday, driven by strength in semiconductor stocks. Nvidia clinched its first record high in months while TSMC rose to an intraday all-time peak, signaling renewed investor appetite for AI-exposed chip makers.

Nvidia's cheap valuation and central role in the AI ecosystem are attracting fresh capital, with analysts seeing room for further upside. The semiconductor rally is lifting the broader market as institutional investors rotate into hardware plays underpinning the AI buildout.

The chip rally reflects confidence that AI infrastructure spending will sustain through 2025 and beyond, despite macro uncertainty. Taiwan's TSMC strength also signals geopolitical stability concerns have eased temporarily, though supply chain concentration risks remain.