Why AI Chip Stocks Advanced Micro Devices, Arm Holdings, and Marvell Technologies Rallied This Week
AMDAMD(AMD) The Motley Fool·2024-09-13 22:05

The AI trade bounced on bullish commentary from several leading tech executives.Shares of AI-related semiconductor stocks Advanced Micro Devices (AMD 0.97%), Arm Holdings (ARM 6.14%), and Marvell Technology (MRVL 0.36%) rallied this week, up 12.2%, 18.7%, and 12.2%, respectively, as of the end of Thursday trading, according to data from S&P Global Market Intelligence.AI-related stocks had taken it on the chin over the summer and the first part of September, as fears over recession and doubts about the longe ...