US chipmakers hit record highs as Intel surges past its best performance since 1987
US chip stocks hit all-time highs, led by Intel's 24% surge, its best day since 1987, fueled by AI demand. The Philadelphia SE Semiconductor Index also reached a record, marking an 18-day winning streak. Intel's turnaround, attributed to CEO Lip-Bu Tan, saw revenue rise 7.2%, with data center growth up 22%.
US chip stocks hit all-time highs, led by Intel's 24% surge, its best day since 1987, fueled by AI demand. The Philadelphia SE Semiconductor Index also reached a record, marking an 18-day winning streak. Intel's turnaround, attributed to CEO Lip-Bu Tan, saw revenue rise 7.2%, with data center growth up 22%.
