Chip Stocks Rally 5.6% as Nvidia, Micron Lead Wall Street AI Rebound
Updated
Updated · Bloomberg · Jun 11
Chip Stocks Rally 5.6% as Nvidia, Micron Lead Wall Street AI Rebound
3 articles · Updated · Bloomberg · Jun 11
Summary
Chipmakers including Nvidia and Micron jumped 5.6%, driving Wall Street higher after the sector’s biggest selloff since 2020.
Dip buyers returned on renewed AI enthusiasm and bets that a solid economy will keep supporting corporate earnings, helping the S&P 500 resume its climb from war-fueled lows.
The Nasdaq 100 gained 1.6%, even as most S&P 500 companies fell, underscoring how heavily the rebound depended on semiconductor shares.
Apple slipped 1.9% after investors gave a muted response to the next version of its AI platform, highlighting a selective rather than broad-based AI trade.