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What's going on with Wall Street AI Chip Rebound

2 sources · Updated 4h ago · View timeline →

FinanceAsianet Newsable

MU, SNDK, SKHY Stocks Rise on AI Demand and Musk's Mention

in5points
  1. Alphabet's increased spending on AI infrastructure boosted chipmaker stocks MU, SNDK, and SKHY.

  2. Elon Musk's public mention of Micron contributed to the stock rally.

  3. The spending signals strong demand for memory chips from AI applications.

  4. Investors reacted positively to the growth prospects in the semiconductor sector.

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