Nasdaq rallies again while yen falls despite BOJ rate hike

NEW YORK, United States — Resurgent artificial intelligence (AI) shares lifted the Nasdaq Friday for a second straight session while the yen retreated despite a Bank of Japan interest rate hike. The tech-forward Nasdaq piled on 1.3 percent after a similar gain Thursday following blowout earnings from chip company Micron Technology. But several leading AI names including Nvidia, Advanced Micro Devices and Google parent Alphabet rose Friday with Micron, which soared for a second straight session. READ: Nvidia reports ‘off the charts’ demand for AI chips Large tech names are “kind of carrying the market in today’s session,” said Briefing.com analyst […]... Keep on reading: Nasdaq rallies again while yen falls despite BOJ rate hike