[New York Stock Exchange] NVIDIA and Micron Lead the Rally as Records Fall for a Fourth Straight Day

[Financial News]  \r\n
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\r\nThe NYSE kept its record streak going on the first trading day of June, the 1st local time. The three major indexes broke their own records for a fourth consecutive day after the rally began on May 27.
The technology-heavy S&P 500 and Nasdaq index closed at fresh all-time highs for a fifth straight trading day.
NVIDIA and Micron each jumped more than 6%, leading the market higher. Arm Holdings, the U.K. company providing technology based on NVIDIA's RTX Spark superchip for Windows laptops, surged 16%.
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The three major indexes set new all-time highs for a fourth consecutive trading day.
The Dow Jones Industrial Average (DJIA) closed slightly higher, up 46.42 points, or 0.09%, at 51,078.88.
The S&P 500 rose 19.90 points, or 0.26%, to 7,599.96, while the Nasdaq climbed 114.19 points, or 0.42%, to 27,086.81.
Even as the three major indexes set new records, investor anxiety remained elevated. That was due to uncertainty over prospects for ending the war in Iran, as well as growing concerns about a market bubble. 
The Cboe Volatility Index (VIX), often called Wall Street's fear gauge, rose 0.70 points, or 4.57%, to 16.02.
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Market leader NVIDIA set another all-time high. The stock jumped $13.22, or 6.26%, to $224.36.
NVIDIA's shares surged after the company unveiled a superchip for AI agent laptops at COMPUTEX Taipei in Taiwan.
The superchip for high-performance laptops includes 128 gigabytes of memory and consists of an NVIDIA Blackwell GPU and an NVIDIA Grace CPU developed using Arm's technology. Laptops equipped with the chip are expected to launch this fall.
Arm, which supplied the CPU-based technology, soared $55.58, or 15.73%, to $408.87.
Memory chip maker Micron broke through the $100 barrier. The stock surged $63.74, or 6.56%, to $1,034.74.
By contrast, Intel and AMD fell after NVIDIA unveiled a superchip for laptop computers, raising fears that the two companies could lose market share.
AMD fell $5.97, or 1.16%, to $510.13, while Intel dropped $5.35, or 4.67%, to $109.33. AMD had fallen as much as 5.7% earlier in the session, and Intel had dropped 7.3%, before both recovered part of their losses.
Apple and Microsoft also moved in opposite directions.
That came after it was confirmed that NVIDIA worked closely with Microsoft in developing the superchip for Windows-based laptops. Expectations that Microsoft Windows laptops equipped with AI agents would gain an edge in the notebook market drove the two companies' stocks in different directions.
Microsoft finished the session up $10.28, or 2.28%, at $460.52.
Apple, meanwhile, fell $5.75, or 1.84%, to $306.31 amid concerns that the MacBook Pro would struggle to compete with Windows laptops in using AI agents.
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dympna@fnnews.com Song Kyung-jae Reporter