AMD and Intel Rise as Cooling Inflation Sparks Chip Sector Rally
Advanced Micro Devices (NASDAQ:AMD) rose 5% while Intel (NASDAQ:INTC) climbed 4%, driven by a cooler-than-expected June inflation report that boosted risk assets. The iShares Semiconductor ETF (SOXX) also rebounded, up 4%. A softer core CPI and easing energy prices have raised hopes for a more favorable interest rate environment.
Tickers: $AMD $AVGO $INTC $SOXX