NEW YORK  — Technology stocks powered solid gains for Wall Street on Friday after another chipmaker reported strong demand related to artificial intelligence.
The upbeat finish to the week for major indexes comes amid lingering anxiety over persistently high inflation, the risk of a U.S. debt default and broadly weak corporate earnings.
The S&P 500 rose, 54.17 points, or 1.3 percent to close at 4,205.45. It notched a small gain for the week and is in the green as May nears its close.
The Dow Jones Industrial Average rose 328.69 points, or 1 percent, to 33,093.34.
The tech-heavy Nasdaq notched the biggest gains, rising 277.59 points, or 2.2 percent, to 12,975.69. The index rose 2.5 percent for the week as artificial intelligence became a big focus for investors….