Intel, Arm and AMD surge on Meta Muse AI demand hopes
Chip stocks jumped on Monday, led by Intel, Arm Holdings and Advanced Micro Devices on Nasdaq-100, with the rally linked to strong reception of Meta’s Muse AI and expectations it could lift semiconductor demand for agentic AI tools.
Chip stocks jumped sharply on Monday, with Intel, Arm Holdings and Advanced Micro Devices among the biggest gainers on the Nasdaq-100. The move appeared to be supported by the strong reception for Meta’s Muse AI and expectations that the agentic AI tool could lift demand for semiconductors across the sector.