The US stock market storage chip index closed up by about 2.7%, with component stock Seagate Technology rising over 11%, Teradyne falling more than 19%, NXP Semiconductors surging over 25%, and Intel rising more than 12%.

Seagate Technology shares rose by 11.10%. Sandisk, Western Digital, and Micron Technology increased by 6.17% to 2.81%. RMBS and Applied Materials gained up to 0.80%, while Lam Research closed down by 0.99%. Teradyne (TER) fell by 19.41%. The Information Technology Index rose by 2.28% to 334.28 points. Among its component stocks, NXP Semiconductors closed up by 25.55%, Intel increased by 12.10%, Seagate Technology delivered the third-best performance, Sandisk had the eighth highest increase, CRDO gained 5.94% ranking tenth, SoundHound AI (SOUN) fell 4.34% as the fourth largest decliner, BigBear.ai (BBAI) fell 7.28%, ONDS dropped 9.45%, with Teradyne performing the worst. The Artificial Intelligence (AI) Winners Index rose 1.74% to 351.12 points. Bloom Energy Corporation closed up 27.21%, Seagate Technology ranked second, Lumentum Holdings increased by 8.46% following closely behind, nuclear energy stock Oklo fell 5.95% as the second biggest decliner, and Teradyne was at the bottom. The AI Software Pioneers Index fell by 0.44% to 97.19 points.