Lynx sees AI semiconductor rally extending into year-end

What happened: Lynx Equity Strategies analyst KC Rajkumar said the AI semiconductor rally that began after the Federal Reserve's Sept. 15 meeting remains intact and should extend into year-end, led by Nvidia, Micron Technology and Sandisk. Key numbers: Micron rose roughly 4% Wednesday. Why it matters: Rajkumar said the sector is shrugging off higher bond yield concerns and is no longer the crowded trade it was months ago. He cited AI agents from Meta, OpenAI and Anthropic and AI-driven services at Accenture as signs demand is broadening. Market: -0.7% by next close ($1,029.00 on Oct 9), +189.9% YTD

Lynx Equity Strategies analyst KC Rajkumar said the AI semiconductor rally that began after the Federal Reserve's Sept. 15 meeting remains intact and should extend into year-end, led by Nvidia, Micron Technology and Sandisk.

Rajkumar said the sector is shrugging off higher bond yield concerns and is no longer the crowded trade it was months ago. He cited AI agents from Meta, OpenAI and Anthropic and AI-driven services at Accenture as signs demand is broadening. Market: -0.7% by next close ($1,029.00 on Oct 9), +189.9% YTD