Market Highlights

Wall Street staged a comeback as dip buyers emerged, boosting stocks amid a rally in chipmakers on bets the artificial-intelligence trade that’s powered the bull market has more room to run. Investors kept piling into beaten-down semiconductor firms,with a key sector gauge up 5.2%. The Nasdaq 100 added 1.9%. Nvidia Corp. said its latest chip designs are making their way to customers. Intel Corp. climbed on plans to cut more jobs. In late hours, Super Micro Computer Inc. jumped as its preliminary outlook showed a rising order backlog. The revival in risk appetite defied higher oil prices that stoked worries about inflation, lifting bond yields. US equity-index futures slipped and Asian stocks pared gains as investors turned cautious ahead of Alphabet Inc.’s earnings after recent volatility pushed a key semiconductor gauge into a bear market. Oil climbed as hopes for US-Iran peace talks faded.