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Wall Street climbs as Nvidia, TSMC and Salesforce fuel AI-led rally
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US markets advance as AI chip leaders Nvidia and TSMC boost investor confidence.
US stocks rose on October 16 with the S&P 500 up 0.4 % and Nasdaq gaining 0.7 %, driven by robust earnings from Nvidia, TSMC and Salesforce. Investors welcomed AI and semiconductor demand growth despite lingering trade tensions with China. Market strategists view the trend as a sign of resilient tech momentum into Q4 2025.