Stock Market Races Higher; Nasdaq Jumps Nearly 3% As Chip Stocks Fly, Leave Nvidia In The Dust

The major stock indexes kicked off the week with robust gains as technology stocks shrugged off a sell-off in Nvidia (NVDA) shares. Instead, money flowed out of oil and into other Nasdaq-100 chip stocks like Advanced Micro Devices (AMD), Monolithic Power Systems (MPWR) and Astera Labs (ALAB). Monday’s session helped push the Nasdaq composite above its 200-day moving average. It…