The stock market rally had a solid Thursday, with the Dow Jones rising for a seventh straight session. Leading stocks showed bullish or constructive action.

Nvidia stock fell slightly for a third straight day, working on a possible handle. Broadcom (AVGO) is close to various entries. Chip-equipment giants Applied Materials (AMAT) and KLA Corp. (KLAC) are also near buy points.

Taiwan Semiconductor stock traded between two buy points heading into April sales data. TSMC makes chips for Nvidia, Broadcom, Apple (AAPL) and many others. It's also a huge chip-gear buyer.

The Taiwan Semi sales data follows earnings reports from AI chip IPOs Arm Holdings (ARM) and Astera Labs (ALAB).

Meanwhile, Tesla stock just undercut a key level with Tesla (TSLA) rival BYD (BYDDF) in a buy area.

Nvidia is on IBD Leaderboard, with Taiwan Semiconductor and ALAB stock on the Leaderboard watchlist. Nvidia stock is on SwingTrader and the IBD 50. KLAC stock is on IBD Long-Term Leaders. AVGO stock is on the IBD Big Cap 20.

Dow Jones Futures Today

Dow Jones futures rose 0.15% vs. fair value. S&P 500 futures and Nasdaq 100 futures climbed 0.1%.

Remember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.