S&P 500 rose 1.4% to 7,363.68, Nasdaq gained 2% to 25,838.94, and Dow climbed 1.2% to 49,910.59, all record highs.
Oil prices plunged, Brent down 7.8% to $101.33 per barrel and WTI down 7% to $95.10, easing inflation concerns.
AMD shares surged 18.6% after beating earnings and forecasting revenue, driven by a 57% jump in data‑center sales.
Other chip makers Arm (+13.6%) and Lam Research (+7.7%) rose, while Uber (+8.6%) and Disney (+7.5%) posted strong earnings.