US chipmakers hit record highs as Intel turbocharges AI rally (opens in new tab)

U.S. chip stocks soared to record highs on Friday, with Intel's unexpectedly strong revenue forecast fueling fresh optimism that the AI boom driving this ‌year's rally in the semiconductor sector is showing no signs of slowing down. The foremost ‌stock index for chip makers - the Philadelphia SE Semiconductor Index - rose 2.5% to an all-time high and was on track ​to extend its record-breaking streak of single-day gains to 18. Chip stocks have emerged as some of the biggest gainers of the spe...