Chip Stocks Rally as Nvidia CEO Says AI Explosion to Drive Infrastructure Buildout
ByAinvest
Thursday, Jan 22, 2026 5:06 am ET1min read
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Chip stocks rallied on Wednesday following comments from Nvidia CEO Jensen Huang at the World Economic Forum in Davos. Huang stated that the AI explosion has jump-started the "largest infrastructure buildout in history," sparking gains in AMD (up 7.7%), Intel (up 11.7%), and Moderna (up 15.8%). The broader market also surged following US President Donald Trump's pivot on Greenland and cancellation of European tariffs.

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