Sep. 17 at 10:15 PM
Chip stocks extended their strong rebound on Thursday, continuing to recover from the sharp selloff earlier in the week as investor concerns over a potential slowdown in AI spending and the impact of higher interest rates began to ease.
Intel led the rally, with its shares jumping 7.7% during the session. Advanced Micro Devices gained 6.5%, while Arm Holdings climbed 8.6% and Marvell Technology rose 4.8%. Micron Technology advanced 5.5%, while SanDisk gained 6.2%.
The gains highlight renewed strength across the semiconductor sector, particularly among companies exposed to artificial-intelligence infrastructure and data-center demand. Investors have been reassessing concerns that elevated interest rates and questions over the sustainability of massive AI-related capital spending could weigh on chip valuations.
The broader recovery suggests that recent weakness may have prompted renewed buying in semiconductor stocks.
$INTC $AMD $ARM $MU