Micron, Intel, AMD stock surge Q2 2026 AI chip rally
Key takeaways
- By market capitalization, all three now rank among the top dozen U.S. technology companies, at positions 10, 11, and 12.
- Of the three, Micron posted the steepest climb at over 240%, a run that translated to roughly $920 billion in added market value.
- "The rotation out of AI hyperscalers into AI enablers has shifted investors' euphoria into semis, driving spectacular rallies," Barclays analyst Anshul Gupta wrote in a note on Tuesday, according to CNBC.
Micron, Intel, AMD stock surge Q2 2026 AI chip rally Micron, Intel, AMD stock surge Q2 2026 AI chip rally · Quartz · I-HWA CHENG/AFP via Getty Images Cris Tolomia Wed, July 1, 2026 at 6:58 PM GMT+7 2 min read MU INTC AMD NVDA Micron Technology, Intel, and Advanced Micro Devices added roughly $2 trillion in combined market capitalization during the second quarter as investors expanded their AI holdings beyond Nvidia. By market capitalization, all three now rank among the top dozen U.S. technology companies, at positions 10, 11, and 12.
Of the three, Micron posted the steepest climb at over 240%, a run that translated to roughly $920 billion in added market value. A 216% surge lifted Intel's market cap by approximately $480 billion, and AMD's shares came close to tripling in value, contributing $615 billion to its total worth.
"The rotation out of AI hyperscalers into AI enablers has shifted investors' euphoria into semis, driving spectacular rallies," Barclays analyst Anshul Gupta wrote in a note on Tuesday, according to CNBC.