If April was Wall Street’s most extraordinary month in two decades, the first week of May made clear the rally has no intention of cooling.

The S&P 500, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), booked its sixth straight winning week above record highs at 7,400, while the Nasdaq 100 broke 29,000 for the first time ever.

All-time highs lit up screens across the board as the AI-driven advances kept defying gravity.

The U.S. tech sector, tracked via the Technology Select Sector SPDR Fund (NYSE:XLK), has now rallied 34% in six weeks, the best six-week run on record, outpacing every comparable stretch of the dot-com era.

Micron Technology Inc. (NASDAQ:MU) gained over 30% on the week, its strongest run since December 2008. Advanced Micro Devices Inc. (NASDAQ:AMD) climbed more than 20%, with shares jumping 17% in a single session after a blowout data-center beat, ...