'Selling Winners, Buying Losers': Tech Stocks Drop as Energy Jumps to Start H2
A sharp rotation trade has taken over markets to start the second half of 2026, with investors dumping the year's biggest winners and piling into beaten-down names.
A sharp rotation trade has taken over markets to start the second half of 2026, with investors dumping the year's biggest winners and piling into beaten-down names.
Intel (INTC) and Advanced Micro Devices (AMD) shares are extending gains on July 9th after the latter's chief technology officer (CTO) pointed to a huge central processing unit (CPU) renaissance ahead. Speaking at the “RAISE” summit in Paris, Mark Papermaster explicitly said the tech industry has missed a massive structural pivot: agentic AI requires significantly more CPUs, not just GPUs.
Micron Technology (NASDAQ: MU | MU Price Prediction) and Intel (NASDAQ: INTC) both delivered earnings that reframed how investors think about AI silicon.
Intel is in the midst of a turnaround, but it recently announced some good news about its progress. That said, Intel has a lot of growth already priced into the stock, and investors have better options.
Meta (NASDAQ: META | META Price Prediction) and Intel (NASDAQ: INTC) both reported Q1 2026 results that sharpened a debate about who actually earns money from the AI buildout.
Intel has fallen about 21% over the past week, giving back part of a huge 2026 run. Reports that its 18A manufacturing process may not reach profitable yields until late 2026 or 2027 hit the stock hardest.
Shares of Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) are up 7% to $555.26 in early trading Thursday, leading a broad semiconductor rebound.
Micron Technology Inc. (NASDAQ:MU) has delivered one of the most remarkable rallies in the AI trade, climbing more than 700% over the past year and more than 210% since late March, as demand for high-bandwidth memory (HBM) chips fueled a sharp rebound in earnings expectations.
Chip stocks were set for a rebound on Thursday as investors stepped back into the AI hardware trade after two brutal sessions of profit-taking. Micron rose 3.5% in premarket trading to $982.05, while AMD and Intel also gained over 2.5% after recent Wall Street target hikes helped restore some confidence in the sector.
The AI trade mounts a comeback as investors get over the worst of their fears about a flare-up in tensions between the U.S. and Iran.
While AI infrastructure stocks have generally outperformed hyperscalers, it is the hyperscalers that ultimately have more ways to win. AI infrastructure stocks look well positioned if heavy spending on AI infrastructure continues.
Intel's upcoming quarterly report may be better than expected due to growing demand for server CPUs in AI data centers. The favorable pricing environment that's driving a solid jump in Intel's bottom line could help it crush analysts' expectations.
Broadcom (NASDAQ: AVGO) stock is outperforming the semiconductor sector today, climbing 5% to $390 after Apple announced an expanded multiyear chip agreement with the company. Meanwhile, Intel (NASDAQ: INTC) stock is down 2% to $108, while Advanced Micro Devices (NASDAQ: AMD) stock is lower by 1% to $513. The contrasting moves suggest that investors are rewarding Broadcom for... Broadcom Spikes 5% on Expanded Apple Chip Deal; Intel and AMD Drift Lower
A systemic margin cascade emanating from the KOSPI index triggered a violent, automated liquidation across the broader semiconductor sector on Tuesday. When highly leveraged positions in Asian markets face abrupt margin calls, global hedge funds are frequently forced to liquidate their most liquid holdings to raise cash quickly.
Intel (NASDAQ:INTC | INTC Price Prediction) has done the unthinkable.
SIMO's cheaper valuation and strong growth potential make it a better investment option than INTC despite both firms' solid fundamentals.
This article was written by Doug Nathman, with research by his team at Trefis.
Mad Money host Jim Cramer has been a vocal fan of shares of Intel (NASDAQ:INTC | INTC Price Prediction).
Recently, Zacks.com users have been paying close attention to Intel (INTC). This makes it worthwhile to examine what the stock has in store.
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