The aBP Weekly: Nvidia’s Rally Spread Beyond Semiconductors

Source: Reuters

Markets finished the week ending May 30 with another strong performance, but what stood out was not simply that stocks moved higher. It was the way leadership continued expanding across the broader AI ecosystem. Nvidia remained at the center of investor attention, but the market increasingly rewarded companies tied to the infrastructure needed to support AI growth, including semiconductors, networking, power systems, cooling, and data-center expansion.

The S&P 500 closed the week up roughly 1.4%, while the Nasdaq gained around 2.4%. Both indexes finished the month at record highs as investors continued leaning into the AI theme despite persistent concerns around inflation, higher Treasury yields, and geopolitical tensions.

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