Shares of artificial intelligence beneficiaries Super Micro Computer (NASDAQ: SMCI), Advanced Micro Devices (NASDAQ: AMD), and Intel (NASDAQ: INTC) were rallying today, up 14.9%, 2.7%, and 3.1%, respectively.

AMD was initiated with a "buy" rating at a sell-side firm today, but its move higher was likely due to the lower inflation print this morning, which lifted most stocks across the board.

Semiconductor and AI hardware stocks are thought to be highly cyclical. The prospect of easing inflation and therefore lower interest rates is especially good for these sectors, barring a recession.

Continue reading

Source Fool.com