Plus, Paramount settles and crude prices drop again.

AI and chip stocks are racing ahead, according to Wall Street Journal Markets. The surge highlights investor enthusiasm for artificial intelligence and semiconductor companies.

In other news, Paramount has reached a settlement. The details of the settlement were not immediately disclosed.

Meanwhile, crude prices dropped again, continuing a recent decline. The drop in oil prices could impact energy stocks and broader markets.

These developments come amid ongoing market volatility and shifting investor sentiment.