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Nvidia NVDA rose 1.6%, while Intel INTC surged 8.0%, driving the semiconductor index to stabilize and rebound across the board.
With Google and Tesla expected to release earnings reports in a packed schedule after the close this week, the market is closely scrutinizing the latest capital expenditure statements from cloud giants on AI infrastructure.
After the chip sector saw a rapid bubble squeeze earlier, investor concerns about “AI hardware computing demand peaking” have eased.
$NVDA
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