WS #11719
Semiconductor index up ~6% driven by AI demand and memory rotation; NVDA underperforms as investors shift to memory stocks like Micron; Meta announces in-house AI chip manufacturing. Meta will begin manufacturing its in-house Iris AI chip in September, targeting 14 gigawatts of computing capacity by 2027.
Semiconductor Rotation and AI Demand
Semiconductor index up ~6% driven by AI demand and memory rotation; NVDA underperforms as investors shift to memory stocks like Micron; Meta announces in-house AI chip manufacturing.
Meta will begin manufacturing its in-house Iris AI chip in September, targeting 14 gigawatts of computing capacity by 2027.