The Dow Jones Industrial Average added 0.7% while the S&P 500 rose 0.9% and the Nasdaq Composite gained 1.3%. Semiconductor stocks logged their best day in a month. Overall, traders “shrugged off the news from the War in favor of buying the chip makers again, presumably on the hope that the AI hyperscalers, when they report second-quarter earnings over the next few days, will also report large capital spending plans,” wrote Macquarie Strategist Thierry Wizman.
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The billionaire investor has typically been hesitant when it comes to buying tech stocks.
The Philadelphia Semiconductor Index jumped over 5%, its best single-day gain in a month, as bargain buyers piled onto semiconductor stocks.

Yahoo Finance's Josh Lipton takes a closer look at the top stories for investors to watch on Wednesday, Jul. 22, including Alphabet (GOOG, GOOGL) and Tesla (TSLA) quarterly earnings results.
The conglomerate has dramatically increased its stake in a tech company Warren Buffett took a liking to toward the end of his tenure as CEO.
Morgan Stanley's latest roundtable reveals a structural gap between the U.S. and Europe in AI investment that no single policy fix can close, and the timeline for when this imbalance reshapes global labor markets is far longer than most analysts expect.

The Nasdaq Composite (^IXIC) led US stocks (^DJI, ^GSPC) to daily gains on Tuesday as chip stocks began to show signs of recovering from last week's sell-off. Investors' eyes are especially wide on Big Tech earnings expected out this week. Prime Capital Financial CIO Will McGough sits down with Josh Lipton to comment on what tech investors will want to see in Alphabet's (GOOG, GOOGL) earnings and the rest of the Magnificent Seven performances.
A Berkshire acquisition from 10 years ago gives the Oracle of Omaha's conglomerate exposure to the data center proliferation trend.
Sixteen Nobel laureates just signed a letter that puts two of AI's most prominent skeptics in the same camp as Silicon Valley's biggest boosters, and the economists behind it say society may have only a few years to respond.
The Flash models compete on cost as OpenAI and Anthropic push into security tools
AI spending and cloud growth will drive the reaction
New AI-powered wellness features and health metrics beta begin next month as Samsung expands its connected health ecosystem.
Intel Rally Gains Steam as Google AI Alliance and Memory Breakthrough Lift Shares
Codenamed Frozen v2, Google's new server chip would bake part of Gemini's architecture directly into hardware for a projected 6–10x efficiency gain.
The firm expects a modest earnings beat despite near-term margin pressure.
Investing.com -- oogle on Tuesday unveiled three new artificial intelligence models, including its most capable Flash model to date and a cybersecurity-focused system, as the tech giant steps up competition with OpenAI and Anthropic in the rapidly evolving AI market.
Wall Street spent two years convinced that ChatGPT would gut Google Search, and Alphabet's latest numbers tell a completely different story. The case for buying at $350 hinges on whether investors are reading those numbers correctly.
Alphabet and Apple both crushed their last quarters, but they are running completely opposite playbooks heading into earnings season. One is burning through cash to own the AI future while the other hands it back to shareholders, and only one setup looks sharp right now.
Snap reached a tentative settlement, leaving Meta as the only platform headed to trial in Los Angeles.
The Oracle of Omaha, via his successor, just invested big in Alphabet.
Strong profits across search, advertising and cloud are helping fund the company's expansion.
These five industry leaders are riding the AI and connectivity boom, making them compelling long-term stocks to consider adding to today.

Winthrop Capital CIO Adam Cooné explains how Alphabet's (GOOG, GOOGL) second quarter earnings results would be a good "barometer" of both the market's health and broader narratives within Big Tech itself.
Alphabet Q2 Earnings Loom: Can AI and Google Cloud Deliver Another Beat?