Micron, Qualcomm Rise as AI Demand Lifts Semiconductor Stocks

Micron Technology (MU) and Qualcomm (QCOM) shares rose in afternoon trading on May 13, 2026, as semiconductor stocks gained on expectations that AI infrastructure and data-center demand will keep driving industry sales. Global semiconductor revenue is projected to exceed $1 trillion in 2026, supported by demand for high-performance computing chips, memory and data-storage components. ChipMOS reported April revenue rose 32.2% from a year earlier, citing an AI-related supply-demand imbalance. Micron, which has recorded 46 moves of more than 5% over the past year, is up 137% year to date and reached a 52-week high of $747.19. The latest move follows a broader chip rally earlier in the month, when Intel’s data-center revenue growth and higher industry forecasts lifted AMD, Qualcomm and Arm.