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Articles > Post Market Movers: AI Trade Shifts to Leading Stock Suppliers, Boosting Micron, Intel, and AMD
- Jim Cramer emphasizes that AI trade is now favoring companies supplying the AI boom over technology giants funding it.
- Micron, Intel, Marvell, AMD, and Sandisk are currently in a strong position to benefit from the industry's spending cycle.
- Chip stocks, such as Micron, Intel, and AMD, added a combined $2 trillion in value in the second quarter.
- AMD surged to a record high following a price target hike by Wells Fargo.
- Analysts predict continued growth for AMD due to increased demand for big CPUs in the AI market.
The AI trade landscape is shifting, according to CNBC's Jim Cramer, who noted that Wall Street is now rewarding companies that supply the artificial intelligence boom rather than the technology giants funding it. Cramer, who still holds several Magnificent Seven stocks, highlighted AI suppliers like Micron, Intel, Marvell, AMD, and Sandisk as currently being in the best position to benefit from the industry's significant spending cycle. This change has led investors to widen their AI portfolios to include names beyond Nvidia, resulting in historic gains for chip stocks in the second quarter.
During the second quarter, chip stocks experienced a record rally, adding a staggering $2 trillion in combined value to companies like Micron, Intel, and AMD. Memory maker Micron led the way with a more than 240% jump in stock value, followed by Intel with a 216% increase, and AMD with a 186% climb. This surge in chip stocks indicated a shift in investor focus towards companies assisting in the AI boom rather than the traditional technology giants.
One key player that has captured investors' attention is AMD, which recently reached a record high following a price target hike by Wells Fargo. Analysts Kevin Hincks and Tom White discussed how Wells Fargo raised AMD's price target to $615 from $505, reflecting a bullish outlook on the stock over the next 12 months and citing increased demand for big CPUs in the AI market. This move further solidified AMD's position as a top contender in the chip industry.
The AI race is evolving, with AMD poised to challenge Nvidia's dominance in the data center space. Analysts believe that AMD's CEO, Lisa Su, has shifted focus from competing with Nvidia to collaborating on the next phase of AI infrastructure. This strategic move has prompted continual investor interest and confidence in AMD's long-term growth potential, as reflected in Wells Fargo's increased price target for the stock.
As chip stocks continue to catch a strong risk-on bid, Intel and AMD have both seen a 7% jump in their stock prices. This surge highlights the growing confidence in companies like AMD, which are well-positioned in the market to benefit from increasing AI-driven CPU demand. With the AI industry transitioning from training to inference, companies like AMD are expected to see sustained growth in the coming years.
In conclusion, the AI trade has shifted towards rewarding suppliers over funders, resulting in substantial gains for chip stocks like Micron, Intel, and AMD. With a bullish outlook for AMD and continued demand for big CPUs in the AI market, investors are closely watching these companies as they navigate the evolving landscape of artificial intelligence technology.
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Post Market Movers: AI Trade Shifts to Leading Stock Suppliers, Boosting Micron, Intel, and AMD
By KlickAnalytics Data Insights | June 30, 2026 08:11PM ET
Key Points
- Jim Cramer emphasizes that AI trade is now favoring companies supplying the AI boom over technology giants funding it.
- Micron, Intel, Marvell, AMD, and Sandisk are currently in a strong position to benefit from the industry's spending cycle.
- Chip stocks, such as Micron, Intel, and AMD, added a combined $2 trillion in value in the second quarter.
- AMD surged to a record high following a price target hike by Wells Fargo.
- Analysts predict continued growth for AMD due to increased demand for big CPUs in the AI market.
The AI trade landscape is shifting, according to CNBC's Jim Cramer, who noted that Wall Street is now rewarding companies that supply the artificial intelligence boom rather than the technology giants funding it. Cramer, who still holds several Magnificent Seven stocks, highlighted AI suppliers like Micron, Intel, Marvell, AMD, and Sandisk as currently being in the best position to benefit from the industry's significant spending cycle. This change has led investors to widen their AI portfolios to include names beyond Nvidia, resulting in historic gains for chip stocks in the second quarter.
During the second quarter, chip stocks experienced a record rally, adding a staggering $2 trillion in combined value to companies like Micron, Intel, and AMD. Memory maker Micron led the way with a more than 240% jump in stock value, followed by Intel with a 216% increase, and AMD with a 186% climb. This surge in chip stocks indicated a shift in investor focus towards companies assisting in the AI boom rather than the traditional technology giants.
One key player that has captured investors' attention is AMD, which recently reached a record high following a price target hike by Wells Fargo. Analysts Kevin Hincks and Tom White discussed how Wells Fargo raised AMD's price target to $615 from $505, reflecting a bullish outlook on the stock over the next 12 months and citing increased demand for big CPUs in the AI market. This move further solidified AMD's position as a top contender in the chip industry.
The AI race is evolving, with AMD poised to challenge Nvidia's dominance in the data center space. Analysts believe that AMD's CEO, Lisa Su, has shifted focus from competing with Nvidia to collaborating on the next phase of AI infrastructure. This strategic move has prompted continual investor interest and confidence in AMD's long-term growth potential, as reflected in Wells Fargo's increased price target for the stock.
As chip stocks continue to catch a strong risk-on bid, Intel and AMD have both seen a 7% jump in their stock prices. This surge highlights the growing confidence in companies like AMD, which are well-positioned in the market to benefit from increasing AI-driven CPU demand. With the AI industry transitioning from training to inference, companies like AMD are expected to see sustained growth in the coming years.
In conclusion, the AI trade has shifted towards rewarding suppliers over funders, resulting in substantial gains for chip stocks like Micron, Intel, and AMD. With a bullish outlook for AMD and continued demand for big CPUs in the AI market, investors are closely watching these companies as they navigate the evolving landscape of artificial intelligence technology.
About AMD
Advanced Micro Devices, Inc. (AMD), established in 1969 and headquartered in Santa Clara, California, operates as a global leader in the semiconductor industry. The company organizes its extensive operations into two primary segments: Computing and Graphics, and Enterprise, Embedded and Semi-Custom. In its Computing and Graphics division, AMD develops a range of products including x86 microprocessors (often as accelerated processing units), chipsets, and various graphics processing units (GPUs), encompassing discrete, integrated, data center, and professional variants, alongside providing development services. The Enterprise, Embedded and Semi-Custom segment focuses on server and embedded processors, bespoke System-on-Chip (SoC) products, and foundational technology for popular game consoles, also offering associated development support. AMD's diverse product lineup features processors for desktop and notebook personal computers under well-known brands such as AMD Ryzen, Ryzen PRO, Ryzen Threadripper, Threadripper PRO, AMD Athlon, Athlon PRO, AMD FX, AMD A-Series, and PRO A-Series. Discrete GPUs for these PCs are offered through the AMD Radeon graphics and AMD Embedded Radeon graphics brands, while professional graphics solutions include AMD Radeon Pro and AMD FirePro. Furthermore, the company provides high-performance accelerators for servers, including Radeon Instinct, Radeon PRO V-series, and AMD Instinct, along with AMD EPYC microprocessors designed for server environments. Its embedded processor solutions span multiple brands, such as AMD Athlon, AMD Geode, AMD Ryzen, AMD EPYC, AMD R-Series, and G-Series. AMD also produces chipsets under its own trademark and crafts customer-specific solutions leveraging its CPU, GPU, and multimedia expertise, including specialized semi-custom SoC products. AMD reaches its wide array of clients, which comprise original equipment manufacturers (OEMs), public cloud service providers, original design manufacturers (ODMs), system integrators, independent distributors, online retailers, and add-in-board manufacturers. The company's sales and distribution network includes its direct sales force, independent distributors, and dedicated sales representatives.For more information:
Disclaimer: the above is a summary showing certain market information. KlickAnalytics is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from various resources and more. Communications displaying market prices, data and other information available in this post are meant for purely for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.