Intel, AMD, Arm shares soar on CPU demand tied to Meta's Muse
Shares of chipmakers jumped as investors bet on rising CPU demand driven by the popularity of Meta's Muse AI agent: Intel rose over 12%, AMD over 8%, and Arm over 15%. AMD's market valuation surpassed $1 trillion for the first time in intraday trading.
- Intel shares climbed more than 12% on expected CPU demand
- AMD rose over 8%, topping $1 trillion market value intraday
- Arm gained more than 15% amid the AI agent boom
- The rally was sparked by interest in Meta's Muse AI agent
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