Applied Materials surges 15% but remains 30% below highs as AI chip demand fuels semiconductor rally

AMD Stock Jumps as Microsoft, Samsung Earnings Reignite AI Chip Trade - Advanced Micro Devices (NASDAQ:AM

Microsoft Azure reached $100B annual revenue with cloud services up 32%, while Lam Research and Samsung beat guidance on AI chip demand. Strong DRAM and HBM orders confirm no near-term oversupply—enterprise AI infrastructure capex will remain elevated.