Chipmakers including Nvidia NVDA.O, Micron MU.O and Marvell Technology MRVL.O rose between 2.0% and 4.3% after Lam Research LRCX.O forecast upbeat quarterly sales. Outsized gains in megacap growth stocks have helped the Nasdaq .IXIC lead the charge on Wall Street so far this year, but the Dow .DJI is catching up as investors bet on sectors beyond technology. FEDWATCH Fed Chair Jerome Powell said the economy still needed to slow and the labor market to weaken for inflation to "credibly" return to the U.S. central bank's 2% target.