#chip rally

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AMD and Intel power AI chip rally as Wall Street upgrades accelerate CPU-for-inference trade, SOXX +4.3%
AI Stocks Daily

AMD and Intel power AI chip rally as Wall Street upgrades accelerate CPU-for-inference trade, SOXX +4.3%

Advanced Micro Devices surged 7.7% and Intel gained 6% on Tuesday as a wave of Wall Street analyst upgrades drove the broadest semiconductor rally in weeks. The VanEck Semiconductor ETF closed up 4.3%, capping what is set to be the best quarter for AI chip stocks in six years.

3 months ago