Why Qualcomm, AMD, Intel, other AI stocks are surging sharply on Tuesday

AI-related stocks rallied sharply on Friday as investors piled back into artificial intelligence and technology names amid hopes for progress in US-Iran negotiations and renewed momentum across Wall Street. The broader market pushed higher, with the S&P 500 and Nasdaq Composite reaching fresh all-time intraday highs as traders reacted to signs that diplomatic efforts between the United States and Iran could still prevent a broader escalation in the Middle East conflict.