US stocks rise as Wall Street still hungry for AI winners
NEW YORK — U.S. stocks ticked higher Friday after Wall Street showed its appetite is still big for winners of the artificial-intelligence boom. The S&P 500 rose 0.4% to close out its fourth winning week in the last five. The Dow Jones Industrial Average added 149 points, or 0.3%, and the Nasdaq composite climbed 0.3%. SK Hynix, a giant South Korean maker of memory chips, shone in the debut of its stock trading on the Nasdaq. After raising roughly $26.5 billion by selling American depositary shares at a price of $149 each, it jumped immediately after trading began in the midday ...