U.S. Stock Indices Close Up Over 1% on May 21, Semiconductor Stocks Surge

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According to Guru Club, U.S. stock indices closed higher by over 1% on May 21, with semiconductor stocks leading gains. ARM surged 15%, AMD rose over 8%, and Intel climbed more than 7%. In commodities, WTI crude oil futures fell 5.66% to $98.26 per barrel, while spot gold gained 1.35% to $4,543.20 per ounce. Separately, OpenAI is reportedly preparing for an IPO with a valuation exceeding $1 trillion, potentially submitting its application as soon as May 23. Nvidia reported revenues and guidance that exceeded expectations alongside an $80 billion buyback, though shares declined nearly 2%.
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