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Shares of Applied Materials, Lam Research, and KLA surged to all-time highs, fueled by persistent demand from the artificial intelligence boom.
MarketWise notes that while chipmakers are grabbing headlines, a major AI trend outside of semiconductors is also gaining traction. Money & Megatrends identified this shift in March, spotlighting three emerging stocks that have since outperformed. The continued momentum in both traditional semiconductor names and new AI opportunities is drawing increased attention from investors.
Earlier this year, AVGO reported record revenue and profit, but still saw its market value drop by nearly $300 billion as investor expectations rose higher than results despite the performance. Qualcomm expanded its presence in data center AI by securing a key ByteDance deal and focusing on energy-efficient accelerators in a separate push. These moves highlight the ongoing influence of AI demand on both legacy and emerging semiconductor players.