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Chip Makers Dominate AI Stock Surge | Business and Finance News
Description
Tech stocks exploded in Q2 as chipmakers like Micron, Intel, and AMD soared with AI-driven demand, while big software giants like Meta and Microsoft stumbled. Micron’s stock jumped 308%, Intel climbed 280%, and AMD surged 173%—while giants like Amazon, Google, and Microsoft plan to spend $725B on AI infrastructure. Wall Street’s real winners? The chipmakers powering AI data centers, with Micron’s revenue up 345% and earnings per share skyrocketing 1,200%. Nvidia held steady with a 13% gain, and rumors of Apple deals and AI processor work are fueling Intel’s momentum. Earnings reports loom—will this AI boom keep accelerating—or is it about to hit a wall?
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