The stock market continued to digest strong recent gains, with the S&P 500 and small-cap Russell 2000 hitting new highs while the Nasdaq cleared recent resistance. AI hardware stocks jumped on earnings from Lumentum (LITE), CoreWeave (CRWV), Super Micro Computer (SMCI) and Nebius (NBIS), along with bullish Sandisk (SNDK) guidance, but Cisco and Coherent were AI losers.
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