Intel (INTC) shares popped up 8% by early afternoon trading on Tuesday as much of the semiconductor sector was demonstrating mixed action.
AMD (AMD) was also up 6.3% after KeyBanc reported that both companies were nearly sold out of CPUs for 2026 due to data center and artificial intelligence demand.
Meanwhile, Nvidia (NVDA) had inched up 0.5% following a report that China had approved tech companies purchasing H200 GPUs in some cases.
However, Arm (ARM) had declined 3.6% as analysts pointed out it was facing risks due to near-term smartphone unit headwinds (memory cost), increasing reliance on SoftBank (SFTBY)(SFTBF) in licensing, and still small data center and AI exposure (only about 10% of royalties).
Memory stocks were mixed today following a recent and rampant run-up in prices due to clamoring demand. Micron Technology (MU) was down 2%, and Sandisk (SNDK) had inched down 0.5%, while Seagate Technology (STX) and Western Digital (WDC) were both up 2%.
Credo Technology (CRDO) continued its recent run as shares popped up 4.5%. Its share value has increased nearly 17% over the past five trading sessions. Broadcom (AVGO) had ticked up 1.5%, while Marvell (MRVL) was up 0.6%. Qualcomm (QCOM) had slipped 1.5%.
Major semiconductor equipment companies were showing mixed results as well. Lam Research (LRCX) was down 1%, ASML Holding (ASML) was relatively flat, and KLA (KLAC) had edged up 1.4%.