Chip stocks surge up to 15% as AI optimism boosts sector performance.

The chip sector saw a significant rally on Friday, outperforming the S&P 500 with gains between 8% and 15% for major companies like AMD, Qualcomm, Intel, and Micron Technology. This surge is driven by renewed optimism around artificial intelligence and its impact on data centers. The strong performance highlights growing investor confidence in AI-related technology stocks, suggesting potential continued momentum in the sector.