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00:03Semiconductor stocks have surged as investor enthusiasm around artificial intelligence
00:07infrastructure spending boosted demand for chips tied to data centers and networking,
00:11according to Reuters. The Philadelphia Semiconductor Index has climbed 64% since the
00:17end of March, far outpacing the broader market, while shares of Micron, AMD, and Intel posted
00:24sharp gains. Investors and strategists told Reuters the rally is being driven by strong
00:30AI-related fundamentals and momentum trading, though some warned the sector could be overheating.
00:36The Semiconductor Group's growing weight in the S&P 500 has also increased risks for the
00:41broader market if the trade reverses. For all things money, visit Benzinga.com.
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