Micron, Intel, and AMD add $2 trillion in combined market cap as AI investment broadens beyond Nvidia
By
Kif Leswing
Summary
Chipmakers Micron, Intel, and AMD saw massive gains in Q2, adding about $2 trillion in combined market cap as investors diversified their AI portfolios beyond Nvidia. While Nvidia remains the dominant AI chipmaker, its stock only rose 15% in the same period. The three companies became the 10th, 11th, and 12th most valuable U.S. tech companies, driven by the expanding AI boom that now includes more semiconductor suppliers.
Source
bskyMicron, Intel, and AMD add $2 trillion in combined market cap as AI investment broadens beyond Nvidiacnbc.comKey quotes
· 3 pulledChipmakers not named Nvidia soared in the second quarter as investors widened their artificial intelligence portfolios
Those three companies gained about $2 trillion in combined market cap in the period and are now the 10th, 11th and 12th most valuable U.S. tech companies
While AI chipmaker Nvidia remains the biggest company by market cap and continues to notch massive revenue growth, the stock only gained 15% in the second quarter
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