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Chip stocks rise as investors grow more confident in AI spending

The push in memory-chip optimism is tied to expectations that support from U.S. officials could help companies better withstand Chinese competition.

Reported · Written up by our desk · ETFs

Chip-related stocks climbed as investors increased confidence in continued spending tied to artificial intelligence, according to MarketWatch.

The outlet pointed to reports that AI companies are seeing improved financial performance, which has helped lift sentiment across the technology supply chain.

MarketWatch also said memory-chip companies may be better positioned to fend off Chinese competition, with potential help coming from U.S. officials.

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