US Chipmakers Reach Record Highs Amid Strong AI Demand

US chipmakers, led by Intel, reached record highs as strong AI demand and robust revenue forecasts fueled the semiconductor sector's growth. The Philadelphia Semiconductor Index rose 3.2% to a new high, with the sector outperforming the broader tech industry in earnings growth. Intel's stock surged 22.6% following a strong revenue outlook for CPUs used in AI applications.

By Shashwat Chauhan and Purvi Agarwal Fri, April 24, 2026 at 5:11 PM GMT+3 3 min read · Yahoo Finance · April 24, 2026, 14:11 UTC

Tickers: $AMD $ARM $INTC $NVDA

Topics: AI AMD Chip Stocks Intel Market Trends Nvidia Semiconductors

Read the full article at Yahoo Finance

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