AI stocks slide as investors opt to lock in some profit following Monday's record-breaking rally.

AI stocks slide as investors opt to lock in some profit following Monday's record-breaking rally.
AMD and META were two of Monday's biggest mega-cap winners, with both stocks surging roughly 10% as enthusiasm around artificial intelligence returned in force.
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Advanced Micro Devices joined the $1 trillion market-cap club Monday as its stock soared.
Anchor Number: $992.4 Billion Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) carries a market capitalization of roughly $992.4 billion in afternoon trading today, putting the chipmaker within a rounding error of the trillion-dollar threshold.
Meta's Muse became the No. 1 free iPhone app in the United States within 10 days, providing an early consumer-scale example of how AI agents can increase demand for cloud CPUs as well as GPUs.
The Philadelphia semiconductor index, known as SOX, rose Monday after completing its annual reconstitution.
Shares of Intel Corp (NASDAQ:INTC, XETRA:INL), Advanced Micro Devices Inc (NASDAQ:AMD, XETRA:AMD) and other hardware companies surged on Monday amid strong investor demand for artificial intelligence (AI) stocks. Arm Holdings' US-listed shares were up 14% in morning trading, while Intel climbed over 12%.
AMD stock is breaking out Monday. This AI leader's relative strength line hit a new high, confirming the breakout's strength.
Semiconductor names are surging Monday as investors reprice the CPU demand thesis.