Markets Surge as AMD's Forecast Lifts Chip Stocks

The Nasdaq and S&P 500 opened significantly higher following a bullish forecast from AMD, which gave a lift to struggling chip stocks. Microsoft, however, stumbled amid broader investor anticipation of the Federal Reserve's upcoming interest-rate decision. The Dow Jones Industrial Average also saw a modest rise.

The Nasdaq and S&P 500 opened significantly higher on Wednesday, bolstered by a bullish forecast from AMD that uplifted struggling chip stocks.

Meanwhile, Microsoft faced headwinds among megacap stocks as investors anticipated the Federal Reserve's impending interest-rate decision.

The Dow Jones Industrial Average climbed by 25.5 points, or 0.06%, to start at 40,768.88. The S&P 500 increased by 69.2 points, or 1.27%, opening at 5,505.59, while the Nasdaq Composite surged 351.8 points, or 2.05%, to 17,499.231.