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Articles > Pre Market Movers: Chip Stocks Surge as Investors Embrace AI Hardware Trade

Pre Market Movers: Chip Stocks Surge as Investors Embrace AI Hardware Trade

By KlickAnalytics Data Insights  |   July 9, 2026 08:10AM ET

Key Points

- Micron, AMD, and Intel saw significant premarket gains
- Recent Wall Street target hikes boosted investor confidence in the sector
- AI trade makes a comeback as tensions between the U.S. and Iran ease
- Hyperscaler stocks may have more potential for growth compared to AI infrastructure stocks
- Heavy investment in AI infrastructure could benefit AI infrastructure stocks in the long run

Chip stocks, including Micron, AMD, and Intel, experienced a surge in premarket trading on Thursday as investors re-entered the AI hardware trade following a period of profit-taking. Micron saw a 3.5% increase to $982.05, while AMD and Intel both gained over 2.5%, thanks in part to recent target hikes from Wall Street that helped restore confidence in the sector.

The resurgence in the AI trade comes as investors begin to move past concerns over potential tensions between the U.S. and Iran, leading to a more positive outlook for the market. This shift in sentiment has contributed to the rebound of chip stocks and other related companies, such as Broadcom, Corning, and Marvell.

When it comes to investment choices between hyperscaler stocks and AI infrastructure stocks, the former appears to offer more potential for growth. While AI infrastructure stocks have been performing well, hyperscalers have a broader range of opportunities to capitalize on, ultimately giving them an edge in the market.

Despite the current strength of hyperscaler stocks, AI infrastructure stocks are still well-positioned to benefit from increased spending on AI infrastructure. If this trend of heavy investment continues, AI infrastructure stocks could see sustained growth and become more competitive in the market.

Overall, the rebound of chip stocks, including Micron, AMD, and Intel, reflects a renewed interest in the AI hardware trade among investors. With recent Wall Street target hikes and easing tensions between the U.S. and Iran, the sector is poised for further growth and stability in the coming days.

About INTC
Intel Corporation designs, develops, manufactures, markets, sells, and services computing and related end products and services in the United States, Ireland, Israel, and internationally. It operates through three segments: CCG, DCAI, and Intel Foundry. The company offers client computing group products, including client and commercial CPUs, discrete client GPUs, edge computing, and connectivity products; data center and AI products, such as server CPUs, discrete GPUs, and networking products; and semiconductors comprising wafer fabrication, substrates, and other related products and services. It also provides driving assistance and self-driving solutions; and develops and manufactures multi-beam mask writing tools. The company sells its products through sales organizations, distributors, resellers, retailers, and OEM partners. It serves original equipment manufacturers, original design manufacturers, cloud service providers, and other manufacturers and service providers. Intel Corporation has a strategic collaboration with Infosys Limited to develop a multi-layer AI fabric that unifies infrastructure, models, data, applications, and workflows into a composable and agent-ready ecosystem. The company was incorporated in 1968 and is headquartered in Santa Clara, California.

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