Wall Street is edging closer to setting new all-time highs.
All three major indexes are trading 3% or less away from their all-time highs.
Chip stocks helped spur the rally on Wednesday. Advanced Micro Devices (AMD) surged 8% after Nomura slapped a "buy" rating on the company. Nomura said AMD's "elevated" valuation is justified by "rapidly improving" profitability and high revenue growth.
Blue Apron (APRN) climbed 7% after the meal-kit delivery company replaced CEO Brad Dickerson with former Etsy (ETSY) exec Linda Findley Kozlowski. GameStop (GME) declined 5% on a gloomy outlook and disappointing results.