Micron (MU), Intel (INTC), AMD See $2 Trillion Gain in Q2

AI Summary

In the second quarter, Micron (MU), Intel (INTC), and AMD experienced substantial increases in market capitalization, collectively adding about $2 trillion. Micron's stock surged over 240%, contributing approximately $920 billion to its market cap, while Intel's shares rose 216%, adding $480 billion, and AMD's value increased by $615 billion with nearly tripled stock prices. This growth was driven by a shift in investor interest from AI hyperscalers to semiconductor manufacturers, buoyed by a surge in demand for memory and CPUs. The VanEck Semiconductor ETF (SMH) reported a 71% increase, marking its best quarterly performance since inception in 2000.