Micron, AMD lead AI and chip stocks higher despite Middle East woes

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Chip and AI-related stocks saw significant gains on Friday, with the Nasdaq Composite rising 1.4% and the S&P 500 climbing 0.8%. Advanced Micro Devices (AMD) surged nearly 9%, building on strong quarterly results. Nvidia also jumped about 3%. Qualcomm soared about 11%, and Micron Technology climbed about 14%, driven by high demand for memory chips. These gains occurred despite ongoing geopolitical tensions.