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Chip Stocks Surge as Macro Relief and AI Demand Projections Fuel Rally

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Semiconductor stocks surged as declining Treasury yields, falling oil prices, and robust AI demand boosted market sentiment.
  • Nvidia CEO Jensen Huang reaffirmed projections of $3 trillion to $4 trillion in AI infrastructure spending by 2030, bolstering optimism for chipmakers and cloud providers.
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AMD price history

516.13 +140.00% over the displayed period

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