Stock Market Today, May 11: Chipmakers Drive Midday Gains Despite Oil Concerns

As of midday, the S&P 500 (SNPINDEX:^GSPC) roseate 0.34% to 7,424.04, the Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.38% to 26,346.51. The Dow Jones Industrial Average (DJINDICES:^DJI) was hardly changed, falling 0.01% to 49,604.50 arsenic oil’s latest spike tempered AI‑driven optimism.

Market movers

Chip leaders, including Nvidia and Intel, extended their AI‑driven rally. Qualcomm surged connected an expert upgrade, and Micron Technology continued to rise. Demand for AI representation has analysts talking astir a assemblage supercycle.

Biotech sanction Moderna jumped successful aboriginal trading arsenic investors look to its aboriginal hantavirus research. The banal has gained much than 15% successful the past 5 days. Circle Internet Group soared connected optimism astir stablecoins.

What this means for investors

Chipmakers continued to propulsion upwards this morning, supporting gains for the S&P 500 and Nasdaq contempt increasing concerns astir planetary lipid proviso disruption and stalled U.S.-Iran negotiations. Analysts astatine apical concern banks, including Morgan Stanley, emphasized the value of reopening the Strait of Hormuz earlier June. Oil prices jumped astir 3%, and WTI crude was trading astatine $98 a tube astatine midday.

Some presumption the unthinkable rally successful artificial quality (AI) and chipmaker stocks arsenic a motion of resilience, portion others spot it arsenic a reddish flag. Commentators pass that maturation driven by ultra‑concentrated equity enactment could mean large indexes are susceptible if AI spending slows. Diversification and semipermanent absorption stay cardinal arsenic investors navigate some geopolitical and bubble warnings.

Should you bargain banal successful S&P 500 Index close now?

Before you bargain banal successful S&P 500 Index, see this:

The Motley Fool Stock Advisor expert squad conscionable identified what they judge are the 10 champion stocks for investors to bargain now… and S&P 500 Index wasn’t 1 of them. The 10 stocks that made the chopped could nutrient monster returns successful the coming years.

Consider erstwhile Netflix made this database connected December 17, 2004... if you invested $1,000 astatine the clip of our recommendation, you’d person $471,827!* Or erstwhile Nvidia made this database connected April 15, 2005... if you invested $1,000 astatine the clip of our recommendation, you’d person $1,319,291!*

Now, it’s worthy noting Stock Advisor’s full mean instrumentality is 986% — a market-crushing outperformance compared to 207% for the S&P 500. Don't miss the latest apical 10 list, disposable with Stock Advisor, and articulation an investing assemblage built by idiosyncratic investors for idiosyncratic investors.

See the 10 stocks »

*Stock Advisor returns arsenic of May 11, 2026.