US stocks advanced on Friday, with the Nasdaq Composite rising 1.31% as chip stocks drove the market higher. NVIDIA saw a nearly 4% increase, Broadcom gained 3%, and Micron surged 7%. The positive sentiment was reflected in the fear and greed index, which turned bullish. Additionally, the Nasdaq China Golden Dragon Index rose 0.86%, supported by Alibaba's 1.68% increase and Pinduoduo's 3.5% rise. On-chain data indicated growing inflows into tech sectors, further boosting market confidence.