US stocks posted their biggest daily gain since mid-November on Thursday, as shares in Alphabet and AMD leapt higher following fresh developments around artificial intelligence.
The tech-heavy Nasdaq Composite closed up 1.4 per cent, with Google-parent Alphabet adding 5.3 per cent and semiconductor group AMD gaining 9.9 per cent. Alphabet had on Wednesday announced a new set of generative AI tools, while AMD said it had rolled out a new AI chip.
Wall Street’s benchmark S&P 500 closed 0.8 per cent higher.
The moves came ahead of a closely watched jobs report due on Friday, with US employers expected to have added 180,000 new roles last month, up from 150,000 in October.