20 Hrs
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الاقتصادية
Chip stocks surge on Wall Street
Stocks of semiconductor companies rose sharply on Wall Street, driven by ongoing optimism about increased spending on artificial intelligence technology. Shares of Intel and Arm Holdings jumped by over 12%. Other companies like AMD also saw strong gains, with AMD's market capitalization surpassing the trillion-dollar mark for the first time, as the Semiconductor Index rose by 3.7%. These gains came amid signs of continued expansion in AI spending despite warnings from tech industry leaders. The positive momentum contributed to gains in major U.S. stock indices, a decline in Treasury bond yields and oil prices, as markets awaited statements from central bank officials during the week.
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