On May 11, US stocks extended gains: the Dow rose 0.19%, the S&P 500 added 0.19% to close above 7,400 for the first time, and the Nasdaq gained 0.10%, all hitting record highs. Chip stocks were the standout: Micron rose 6.5%, Qualcomm over 8%, and NVIDIA 1.97%, with AI and advanced packaging themes red-hot as capital piled into tech leaders. Sentiment was supported by steady Fed chair transition expectations, resilient economic data, and improving corporate earnings. Investor Michael Burry warned of a sharp Nasdaq 100 correction due to overvaluation, but this failed to dent bullish sentiment near term. Analysts attribute tech strength to the AI boom and global safe-haven allocation; volatility risks rise at highs, but trend opportunities remain.