AMD Jumps 7%, Intel Climbs 5%, Broadcom Rises 2% as Tom Lee Calls the Chip Selloff a Buying Opportunity

Chip stocks staged a rebound as Advanced Micro Devices rose 7% to $555.26, Intel gained 5% to $116.14, and Broadcom climbed 2% to $396 in early trading Thursday. The move reversed several sessions of selling, with the iShares Semiconductor ETF up 6% to $593.77, signaling broad strength in the sector. The catalyst came from Fundstrat’s Tom Lee, who told CNBC that the structural bull case for owning semiconductors remains intact and framed the selloff as a buying opportunity. Lee pointed to a Momentum Index drop of 8% over five sessions, occurring only five times in three years and often marking selloff bottoms. Financially, AMD reported Q1 2026 revenue of $10.25 billion (+38% y/y), while Data Center revenue rose to $5.78 billion (+57%). Broadcom’s Q2 FY2026 AI semiconductor revenue reached $10.8 billion (+143% y/y). NVIDIA lagged, down 1% to $201.92.