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US chipmakers surge to record highs as Intel forecasts stoke AI spending optimism
Technology
Published on 24 April 2026
Intel guidance sparks a new AI infrastructure buying wave
American chip stocks hit fresh record highs as Intel’s strong revenue forecast fueled confidence in the AI boom. The broader semiconductor sector followed with notable earnings momentum, lifting names like AMD and Arm. Even Nvidia, the world’s most valuable company, rose—signaling investors’ belief that demand for AI infrastructure will keep accelerating.
- Intel’s revenue forecast boosted sentiment across chip stocks
- Semiconductor earnings growth is powering the rally
- AMD and Arm shares also climbed on AI demand optimism
- Nvidia’s rise underscores ongoing AI infrastructure buying
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times