Robust financial performance and strong growth expectations from ASML and TSMC this week boosted sentiment across the tech industry, lifting stock prices and market capitalizations throughout the AI supply chain. Among the most notable beneficiaries of this AI-driven momentum are AMD, with a market capitalization that reached an all-time high on Thursday, and Intel, whose market cap hit a 25-year high. Other notable beneficiaries are Arm Holdings and Nvidia.
AMD's market cap hit $454 billion as its stock price touched $278, an all-time high for the company. Intel continued its rally that began in early March, and its market cap reached nearly $340 billion on April 16 as its stock price tested $68. For Intel, this is its second-best result since August 2020, when its valuation briefly achieved $502.71 billion. Arm has been on the rise since early March; its current market capitalization is $174 billion as its stock approached $165.
