Chip Stocks Catch A Break After Prolonged Slide. AI Names Among Leaders.

On Monday, semiconductor stocks experienced a rebound following an eight-day decline, marking their most extended losing streak in eight years. Among the notable performers in this sector was Advanced Micro Devices (AMD), a key player in the artificial intelligence chip market. The Philadelphia semiconductor index, referred to as SOX, increased by 1.6% during the trading day. This uptick came after the index had dramatically decreased by 15.7% over the previous eight trading sessions, which ended with Friday's close.