The Nasdaq 100 surged to fresh record highs on Tuesday, breaking above the 23,000 mark as Nvidia Corp. (NASDAQ:NVDA) and other chipmakers powered a sharp rally. Investors cheered the news that Nvidia and Advanced Micro Devices Inc. (NASDAQ:AMD) would resume certain chip sales to China, even as they parsed quarterly results from major U.S. banks.
The iShares Semiconductor ETF (NYSE:SOXX) climbed 1.6% to a new all-time high, extending its rally to 67% since the April lows.
