Chip Stocks Rally as Nvidia CEO Says AI Explosion to Drive Infrastructure Buildout

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.

Chip Stocks Rally as Nvidia CEO Says AI Explosion to Drive Infrastructure Buildout

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