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AI-fuelled chip stock rally hits speed bump despite record quarterly gains
Micron, Intel, AMD, and Sandisk have faced pressure amid concerns about the sustainability of AI-driven stock performance, leading to a global tech sell-off in June. Despite recent declines, semiconductor stocks are still set for record quarterly performances due to strong AI demand.
SanDisk, Micron, AMD, Intel Crash Up To 12% As Chip Stocks Sell-Off Hits Wall Street
Global chip rout deepens as AI-linked semiconductor stocks tumble, dragging the Nasdaq down more than 2%.
Explained: Why Netweb Technologies shares surged 15% today
Netweb Tech counts global technology leaders such as Nvidia, Samsung, AMD and Intel among its key partners, relationships that Crisil said provide access to technology roadmaps well ahead of market launches.
AMD shares hit record high, spark global chips rally on AI demand optimism
AMD jumped 14.9% and was set to add more than $86 billion in market value, if gains hold. Rival Intel also rose 1.9% to a record high, while chip designer Arm Holdings surged 10.1% and chipmaker Qualcomm gained 1.6%.
US drafts rules for sweeping power over Nvidia’s global sales
The Trump administration may regulate AI chip exports, requiring US approval for Nvidia and AMD shipments. This aims to maintain US dominance in AI and limit China's AI ambitions.