Another Day Of AI Fun In The Sun For Semis

Semiconductor stocks have certainly benefited from the AI boom. All those data centers being built will be filled with chips (chart). All those autonomous-driving vehicles will also be stuffed with chips, and so will humanoid robots. And they will all generate more data that will need to be processed.

Today's AI winner was AMD. Shares of the chipmaker soared after the company announced a multibillion-dollar deal with OpenAI, closing out the day's trading session up more than 23%. The move will see AMD provide upwards of 6 gigawatts of GPUs to OpenAI over several generations, starting with its MI450 chips in H2 2026.