Intel and AMD shares jump 7%
Intel and AMD shares each rose 7% to $140.56 and $577.13 respectively.
The gains extend year-to-date increases of 277% and 163%.
The rally is attributed to AI infrastructure spending, which is driving broad semiconductor demand.
The Direxion Daily Semiconductor Bull 3X Shares are up 11% to $263.09, amplifying the chip group’s gain.