AI Chip Rally Fueled by AI Demand and Trump-China Trade Optimism

AI chip stocks including INTC, NVDA, and AMD rose in premarket trading on May 13, 2026, as investors grew more optimistic about AI demand and global trade sentiment, boosted by expectations that President Trump’s visit could help semiconductor sales in China. Nvidia, Intel, and AMD rose roughly 2% or more, QCOM around 4%, with MU and SNDK also higher. The rally reflects expectations of stronger data-center and cloud spending on AI, but risks remain from elevated valuations and potential geopolitical tensions; UBS remains bullish on the long-term AI investment trend.