AI and semiconductor stocks rise on AI spending optimism

Space Exploration Technologies

27/10/2026 15:49

** AI and semiconductor stocks rise on optimism over continued AI infrastructure spending 
** Broadcom AVGO.O up 2.59% after unveiling $63 billion in financing for Anthropic’s computing capacity on Monday 
** D.A. Davidson says the AI cycle "isn't over quite yet," raises to "buy" from "neutral"
** The Philadelphia SE Semiconductor Index .SOX trading at one-week high, on course for third day of gains
** Nvidia NVDA.O up 0.75%, while Advanced Micro Devices AMD.O climbs 4.28%
** Micron MU.O up 2.46%, Intel INTC.O gains 2.70% and SanDisk SNDK.O advances 3.24%
** Server makers Dell DELL.K and Super Micro SMCI.O jump 7.69% and 6.85%, respectively 
** Neocloud company CoreWeave CRWV.O up 6.07%, peer Nebius NBIS.O up 9.68%
** Meta META.O down 0.94%, the sole decliner among the Magnificent 7, after plan to raise $97.5 billion in equity 
** William Blair says financing reflects Meta’s confidence in long-term returns from AI investment
** Fellow hyperscalers Alphabet GOOGL.O, SpaceX SPCX.O and Amazon AMZN.O up 1.05%, 2.02% and 0.95%, respectively; Oracle ORCL.K advances 2.84%

 (Reporting by Jayasree Prabhu in Bengaluru)
 ((jayasree.prabhu@thomsonreuters.com))