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AMD rises 3% amid chip sector rally; Arm jumps 8%, NVIDIA up 2% on strong AI-driven demand.

Market News
02 Oct 2026
24/7 Wall Street
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Bullish
AMD rises 3% amid chip sector rally; Arm jumps 8%, NVIDIA up 2% on strong AI-driven demand.

Chip stocks are surging with AMD up 3%, Arm leading with an 8% jump, and NVIDIA rising 2%, driven by strong demand linked to artificial intelligence expansion. AMD's recent $8.2 billion acquisition of AI company World Labs is a key factor in its 39% monthly gain, signaling its move beyond processors into AI software. Arm's royalty-based business model benefits from broad industry shipments, fueling its stock's strong performance. Investors should watch semiconductor sector trends closely, as any pullback could impact AMD and Arm stocks, which have already priced in significant AI growth expectations.

Arm leads chip stocks with an 8.14% rise to USD 316.13 as of Oct 02, 2026 23:03 WIB on Pluang, reflecting strong investor interest despite a 62% sell order activity. Nvidia follows with a 2.17% gain at USD 235.87, showing balanced trading sentiment. These moves align with the broader AI-driven momentum noted in the news, highlighting the sector's ongoing appeal on Pluang.

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