Index movements for AI chip companies: Astera Labs was dropped from multiple Russell indexes, while Qualcomm was added to multiple Russell 1000 indices.

The entities involved

• AMD →

  American multinational semiconductor company

  • A market sell-off hit major chip companies (AMD, Intel, Micron, Samsung, Nvidia) as the AI trade cooled and investors entered risk-off mode.Mon 17:34
  • Hyperscalers are competing for AI market share, driving high demand for semiconductors and boosting corporate profits.Mon 16:49
• Astera Labs →

  semiconductor company

  • MarketBeat lists several companies, including Nokia, IBM, Astera Labs, Marvell Technology, and Vertiv, as infrastructure stocks to watch today.Mon 01:04
  • Astera Labs, Credo, and Marvell Technology are noted as pure-play rivals leading the AI infrastructure market.Sun 13:42
• Qualcomm →

  American global semiconductor company

  • Talks regarding potential acquisition of AI-chip startup Tenstorrent involving Qualcomm.Mon 10:59
  • Norges Bank bought a new position in Qualcomm shares, coinciding with buy ratings and price targets from TD Cowen, reported by MarketBeat.Mon 06:47

Related events

• Several major semiconductor companies, including AMD, Qualcomm, Micron, and Microchip, are identified as key players in the AI chip market.Jun 7
• Intel, Qualcomm, Marvell, and Amazon are collaborating to develop custom AI chips, leading to stock jumps.Sep 9
• Cisco and Qualcomm are pivoting into AI infrastructure after being listed on the Nasdaq electronic stock exchange.Thu 16:21
• AMD's AI systems could benefit Broadcom as a partner, while Broadcom stock trades on Nasdaq exchange.Aug 11
• ASUS announced new partnerships with Intel, IBM, and AMD to advance AI infrastructure.Sep 3