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U.S. semiconductor stocks surged on Wednesday, led by a nearly 18% jump in Advanced Micro Devices (AMD) after it forecasted strong demand for AI infrastructure and a shift towards CPUs, while other companies like Intel, Arm Holdings, and Qualcomm also reported gains, highlighting a growing market for server CPUs amidst AI advancements. #Semiconductors #AI #TechStocks #US #TW #MY #NL #CN
www.reuters.com
AMD forecast sparks AIβdriven rally in US chipmaker stocks
May 6 (Reuters) - U. S. semiconductor stocks rose on Wednesday as Advanced Micro Devices' (AMD. O), opens new tab strong outlook boosted investor confidence about sustained demand for AI infrastructure and that a shift toward CPUs would spur the next leg of spending.