Chip stocks rise on AI optimism as Dow closes at record high

Chip stocks surged on renewed AI optimism and the Dow Jones Industrial Average closed at a record high; Moderna also rallied, according to a report by Lisa Bernhard.

U.S. equity markets closed higher on Tuesday, led by gains in semiconductor shares amid renewed optimism about artificial intelligence. The Dow Jones Industrial Average reached a record closing high during the session. Moderna's stock also rallied alongside the technology-led move. The report attributing these developments was filed by Lisa Bernhard. Market highlights: - Chip stocks surged on renewed optimism about artificial intelligence. - The Dow Jones Industrial Average closed at a record high. - Moderna rallied during the trading session. - The account of the session was reported by Lisa Bernhard. Summary: The session's gains were led by AI-related chip stocks and included strength in Moderna, culminating in a record close for the Dow. Undetermined at this time.