Advanced Micro Devices IncAMD
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Impact on stocks 4
Artificial Intelligence
Semiconductors
Intel CorporationINTC
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Intel CorporationIntel, Advanced Micro Devices, and Broadcom climbed Tuesday as investors returned to semiconductor stocks, with Intel leading the group after a sharp decline over the previous month. Intel rose more than 10%, while AMD gained about 7% and Broadcom advanced roughly 6%. NVIDIA also moved higher, adding about 2%, and the iShares Semiconductor ETF gained about 6%. Intel's rebound came after its shares had lost about 24% during the prior month, and its latest quarterly report showed $16.13 billion in revenue with sales from its Data Center and AI business increasing 59% from a year earlier. AMD's data center revenue grew 57% year over year in the latest quarter, while Broadcom has reported higher sales from its AI semiconductor business.
Intel Corporation