Shares of Intel (INTC), Microchip Technology (MCHP), Marvell Technology (MRVL), onsemi (ON) and Seagate (STX) rose between 3.9% and 5.7% in the afternoon session after Broadcom reportedly secured $63 billion in bank financing to develop proprietary AI chips for Anthropic. The article links this to Anthropic's IPO filing and Meta's equity offering, which it says signal that tech companies are still spending heavily on infrastructure. It notes onsemi has had 35 moves greater than 5% over the last year, so today's gain is seen as meaningful but not something that would fundamentally change how the market views the business. Twenty days earlier, onsemi fell 4.3% as the 10-year Treasury yield climbed back above 5.3%, touching its highest level since 2002, after Fed minutes showed most officials expected another rate increase this year. Higher yields raise the discount rate applied to chipmakers' future earnings, which the article says weighs on the sector.
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Keywords
semiconductorsartificial intelligenceFedinterest rates
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Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/27/2026 | 217.88 |
| Change that session | +0.87% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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