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What happened? A number of stocks jumped in the morning session after dip-buyers moved into beaten-down semiconductor and hardware names following the sector's steepest one-day rout in 19 months. The turnaround gained traction after President Donald Trump wrote on Truth Social that he is 100% in favor of artificial intelligence infrastructure, calling data centers "GOLD" and pledging to help states expand capacity, in comments carried by CNBC. That endorsement eased worries ignited by Democratic midterm victories and calls for data-center expansion and buildout halts.
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