Stocks Push Higher Led by Chipmakers | Closing Bell

Bloomberg's Closing Bell recaps a Monday session where US stocks pushed higher led by chipmakers. The Philadelphia Semiconductor Index rose 2.2%, with big moves in AMD, Broadcom, and Tesla. The panel discussed the upcoming SK Hynix US listing, Samsung earnings, and risk-on sentiment, while small caps lagged and some sectors declined. - S&P 500 and Nasdaq led gains while the Russell 2000 underperformed. - Semiconductors led with the SOX index up 2.2%, lifted by AMD, Broadcom, and memory demand. - AMD surged 6.6% after Goldman Sachs raised its price target. - Tesla jumped 6.7% following stronger-than-expected vehicle sales. - SK Hynix's upcoming US listing highlighted strength in memory chip demand. - Health care, consumer staples, and utilities were the worst-performing sectors. - Treasury yields edged lower on light, subdued trading. - Discussion noted potential risks to the semiconductor supercycle from capacity expansion.