Nvidia Leads Chip Rally as SOX Jumps 6.4% to Record, Lifting S&P 500 and Nasdaq 100

U.S. semiconductor stocks surged, pushing the Philadelphia Semiconductor Index (SOX) up 6.4% to a record high, with Nvidia the biggest points contributor to the S&P 500 and Micron, Broadcom and Intel also rising. President Donald Trump said Intel struck a deal with Apple to design and produce chips domestically, while Apple plans price increases to offset higher memory and storage chip costs. The session coincided with the largest U.S. options expiry on record, with $8.3 trillion of notional exposure set to roll off, according to Citadel Securities data. Accenture plunged 19% after issuing guidance that missed expectations, weighing on IT services shares.