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Intel, AMD Jump 7% as Chip Stocks Catch a Risk-On Bid
24/7 Wall St.37d agobullish
Intel, AMD Jump 7% as Chip Stocks Catch a Risk-On Bid

Chip stocks are catching a strong risk-on bid at midday Tuesday, with mega-cap semiconductors leading the broader tape higher. Intel (NASDAQ:INTC) stock is up 7% to $140.56, while Advanced Micro Devices (NASDAQ:AMD) stock is up 7% to $577.13. The leveraged sector proxy is moving even harder. Direxion Daily Semiconductor Bull 3X Shares (NYSEARCA:SOXL) shares are ... Intel, AMD Jump 7% as Chip Stocks Catch a Risk-On Bid

Magnificent Seven Value Drops $2.3 Trillion In June
24/7 Wall St.37d agobearish
Magnificent Seven Value Drops $2.3 Trillion In June

There has been a great deal of discussion about whether the stock market will eventually start to sell off the Magnificent Seven. In June, as a group, their market cap dropped $2.3 trillion. Of course, the drop is uneven, but given how important they are to the market’s incredibly long rally, it is a warning ... Magnificent Seven Value Drops $2.3 Trillion In June

One Thing I’m Watching: The Great Tech Divergence
The Wall Street Journal37d agoneutral
One Thing I’m Watching: The Great Tech Divergence

This year's second quarter was a blockbuster period for tech stocks. The PHLX Semiconductor Index—which houses chip stocks like Nvidia and Broadcom—has climbed 81% through yesterday, putting it on track for its best quarter in history. Once darlings of the industry, some of the biggest names in tech have fallen out of favor with investors as they fret about these companies' big AI spending commitments.

Bloomberg37d agoneutral
Chip Stocks’ Best Quarter Ever Is Ending With Some Wild Swings

(Bloomberg) -- Chip stocks are heading for their best quarter ever, extending an extraordinary start to the year driven by insatiable demand for artificial intelligence equipment. But after recent jitters sent the stocks tumbling, investors are wondering how much further the rally can go. Most Read from BloombergYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsWhatsApp Opens Username Reservations to 3 Billion UsersUS St

The Margin Squeeze Threatening Intel Stock
Trefis38d agoneutral
The Margin Squeeze Threatening Intel Stock

If you hold Intel (INTC) stock, you’ve had a strong year. The shares have posted a 478% gain over the last 12 months, and the narrative has shifted in the company’s favor. Management now sees “clear signs that the CPU is reinserting itself as the indispensable foundation of the AI era.” The market has bought into this comeback story, with the stock trading near 91% of its 52-week high.