The AI explosion could provide a salve for the chip industry's woes.
Intel delivered a positive update on its data center chips, and semiconductor stocks surged broadly on the back of Micron's earnings, which called a bottom in chip sales.
(Bloomberg) -- Intel Corp., the biggest maker of computer processors, surged 7.6% after announcing that new products for the lucrative server market will come sooner than expected.Most Read from Bloomberg$52 Billion Chipmaking Plan Is Racing Toward FailureNew Yorkers Are Moving to These Three Florida Cities$335,000 Pay for ‘AI Whisperer’ Jobs Appears in Red-Hot MarketFBI Releases Files on Ivana TrumpScotiabank Economist Excoriates Trudeau, Freeland Over $32 Billion Spending BoostThe company will