US chip stocks hit record highs on Intel AI outlook

Semiconductor stocks in the United States surged to unprecedented levels on Friday, propelled by a robust revenue outlook from INTEL CORP. The positive forecast has reignited investor confidence that the artificial intelligence infrastructure boom is maintaining its momentum without signs of exhaustion. The Philadelphia SE Semiconductor Index climbed 2.5% to hit an all-time high, marking its 18th consecutive session of gains and bringing its year-to-date performance to an increase of over 42%.