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The AI Chip Rally Is Masking a Dangerous Truth. Half the S&P 500 Is Being Left Behind
Key takeaways
- The AI Chip Rally Is Masking a Dangerous Truth.
- Intel (INTC) tripled since late March with a 14% Friday surge on Apple chip deal reports, posting Q1 non-GAAP EPS of $0.29 versus $0.01 estimate and Data Center/AI revenue of $5.05B up 22% YoY.
- AMD (AMD) revised growth guidance higher after Data Center revenue jumped 57% YoY to $5.78B with Q2 guidance at $11.2B.
The AI Chip Rally Is Masking a Dangerous Truth. Half the S&P 500 Is Being Left Behind Thomas Richmond Fri, May 15, 2026 at 10:15 PM GMT+7 3 min read AMD ^GSPC INTC MU SNDK Quick Read The Philadelphia Semiconductor Index’s 64% climb since late March is being driven almost entirely by AI infrastructure chip stocks.
Intel (INTC) tripled since late March with a 14% Friday surge on Apple chip deal reports, posting Q1 non-GAAP EPS of $0.29 versus $0.01 estimate and Data Center/AI revenue of $5.05B up 22% YoY.
AMD (AMD) revised growth guidance higher after Data Center revenue jumped 57% YoY to $5.78B with Q2 guidance at $11.2B.
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