Record chip rally adds $2 trillion in combined value to Micron, Intel and AMD in second quarter

AI Summary

Micron, Intel, and AMD saw a combined surge in stock value adding $2 trillion in Q2, driven by strong Wall Street investments in chipmakers benefiting from the expanding AI boom beyond Nvidia. This rally highlights significant investor confidence in semiconductor suppliers amid growing AI market demand.

Wall Street poured into chipmakers not named Nvidia in the second quarter, as the artificial intelligence boom expanded to include more suppliers.