The Dow Jones Industrial Average rose 486.83 points, or 1.23%, to 40,093.40, the S&P 500 gained 108.91 points, or 2.03%, to 5,484.77 and the Nasdaq Composite gained 457.99 points, or 2.74%, to 17,166.

New Intel chief executive Lip-Bu Tan on Thursday announced upcoming layoffs at the struggling US chip maker as White House ...

(Reuters) -One of Intel's biggest missteps over the past decade was the failure to challenge Nvidia's dominance in the fast-growing market for artificial intelligence chips.