US chipmakers hit record highs as Intel turbocharges AI rally
US chip stocks soared to record highs on Friday, with Intel’s unexpectedly strong revenue forecast fueling fresh optimism that the AI boom driving this year’s rally in the semiconductor sector is showing no signs of slowing down.
The foremost stock index for chip makers – the Philadelphia SE Semiconductor Index – rose 2.5% to an all-time high and was on track to extend its record-breaking streak of single-day gains to 18. The index has gained more than 42% so far this year.
