The US stock market closed higher, with the Nasdaq up 1.37%, the Dow up 0.17%, and the S&P up 0.80%; Large tech stocks generally rose, with AMD up nearly 10% and Google up over 5%. Both have released generative AI related products, with Nvidia up over 2%; Popular Chinese concept stocks saw mixed gains and losses, with iQiyi up over 4%, Xiaopeng Motors down over 4%, and NIO down over 3%.