Semiconductor Stocks Hit New Highs on AI Demand

Momentum Builds Across AI and Chip Sector

Several leading semiconductor stocks closed at new 52-week highs today, with strong earnings and AI-driven demand fueling gains across the industry.

📈 New 52-Week High Closings:

• NVIDIA (NVDA): $176.77 +3.27 (+1.88%)
• AMD (AMD): $173.66 +7.19 (+4.32%)
• Broadcom (AVGO): $294.30 +4.12 (+1.42%)
• Cadence Design Systems (CDNS): $333.76 +1.57 (+0.47%)

🚀 After-Hours Movement:

• CDNS: $355.05 +21.29 (+6.38%)

🧠 Key Drivers:

• NVIDIA continues to dominate AI chip demand with broad institutional support.
• AMD extended its rally amid optimism around its MI300 AI chips.
• Broadcom gained on expectations of AI infrastructure growth and VMware synergies.
• Cadence (CDNS) rose after reporting strong Q2 earnings and raising its full-year guidance, signaling robust demand for its chip design software.