AI-Fueled Chip Rally Pushes SK hynix and Micron Ahead
AI optimism lifted chip stocks with SK hynix up about 9% and Micron around 7%, as memory and storage names like Seagate, Western Digital and Sandisk also rose roughly 8–10%. AMD gained about 5–6% on a broader AI collaboration with Microsoft, while Intel climbed about 6% ahead of its earnings, helping the Philadelphia Semiconductor Index rise by about 4% alongside modest gains in major indices.