Advanced Micro Devices could get more recognition for its artificial-intelligence chips in the second half of the year, according to Melius Research.
The Nasdaq and S&P 500 hit record highs, thanks to lower Treasury yields and positive news from Nvidia, CrowdStrike and ASML. But the small-cap Russell 200 fell.
Semiconductor stocks like Micron Technology (MU), QUALCOMM Incorporated (QCOM) and Advanced Micro Devices (AMD) are likely to gain from the ongoing enthusiasm surrounding AI.