Semiconductor Stocks Rally in May Amid AI Demand
In May, semiconductor stocks like AMD (AMD) and Qualcomm (QCOM) surged due to strong demand for AI hardware. The Philadelphia Semiconductor Index rose over 60% year-to-date, outperforming the S&P 500. Companies such as Broadcom also reported significant revenue growth from their AI-related segments.
Topics: AI demand AMD earnings Broadcom revenue semiconductors