- The VanEck Semiconductor ETF now includes major players in the sector, including Intel, Broadcom, Applied Materials, Lam Research, Nvidia, Micron Technology, and AMD.
- Major AI chipmakers including Nvidia, AMD, Intel, and Micron are facing intense rivalry and high demand from hyperscalers for specialized AI hardware and memory products.
Intel and AMD Drive Semiconductor Stock Rally on Nasdaq
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
On September 17, 2026, the Nasdaq Composite closed at a record high of 27,122.09, marking a gain of 2.26% for the day. The rally was led by technology shares, including Intel and AMD, which saw significant surges. The Nasdaq also jumped above its 10-day and 21-day moving average, closing higher in volume.
Why it matters
The sector's performance was bolstered by investor enthusiasm regarding the potential market for specialized AI hardware and products. This interest was fueled by the widespread adoption of AI assistants, which investors believed could drive future consumer demand.
Major AI chipmakers, including Nvidia, AMD, and Intel, are currently engaged in intense rivalry and high demand from hyperscalers for specialized AI hardware and memory products.
From investinglive.com
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Micron TechnologySpeculative
Micron Technology could experience increased market prices due to the overall strength of the semiconductor sector.
- NvidiaSpeculative
Nvidia could experience increased market prices driven by the overall strength of the semiconductor sector.
- SK HynixSpeculative
SK Hynix could experience increased market prices due to the overall strength of the semiconductor sector.
Keep exploring
Part of
Major AI chipmakers including Nvidia, AMD, Intel, and Micron are facing intense rivalry and high demand from hyperscalers for specialized AI hardware and memory products.Also in this story
- Nvidia, Schneider Electric, and AMD are leveraging partnerships to establish a liquid cooling solutions factory in Bengaluru, capitalizing on surging AI demand in India.
- Vendors in the AI chip market are using confusing naming strategies.
- The AI industry is facing critical pressure from memory chip shortages and the need for industry-wide safety standards, while leaders weigh in on the future of AI.
- Leading AI semiconductor companies are partnering to supply custom AI chips and optical connectivity for next-generation AI servers.
The entities involved
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Intel
American multinational technology company
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AMD
American multinational semiconductor company
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Nasdaq
American fully electronic stock exchange
Related events
- Nvidia contributed to a Nasdaq rally while AMD surpassed a $1 trillion valuation.
- Tesla led the Nasdaq Composite push while announcing a $12.9B bid for Hugging Face and experiencing a guidance miss.
- Tech stocks rallied, led by semiconductor stocks, while oil price movements influenced investor sentiment.
- Microsoft and Apple Inc. are rallying alongside major tech companies, showing market strength.
- On July 6, 2026, IBM and Goldman Sachs stocks rose amid a Nasdaq rally, while Turing highlighted AMD's role in AI training, noting AMD as a budget-friendly alternative to Nvidia.