Tech and AI Stocks Lead May Rally, Semiconductor Index Gains 22%

In May, the S&P 500 rose 5.3%, the Dow Jones added 2.7%, and the Nasdaq-100 climbed 8.3%. Semiconductor stocks surged 22%, the AI software pioneer index rallied 27.3%, and the AI winners index gained 19%, while storage chip stocks jumped 37%. The tech-heavy Mag 7 stocks advanced 6.9%.

On Friday, the S&P 500 closed up 0.2% with tech stocks gaining 1.9%, while consumer staples fell 2%. The Nasdaq-100 rose 0.3%, with Workday up 12.5% and Datadog climbing 10.5%, while Intel, Autodesk, and Texas Instruments each declined between 3.6% and 4.6%.