Intel and Micron approach major market milestones

Intel and Micron reached notable valuation and trading milestones on Tuesday as investors continued to focus on semiconductor stocks, especially those tied to artificial intelligence demand. Micron drew heavy options activity, with traders paying up for calls and laterdated contracts that suggest expectations for continued volatility and potential upside. The company also saw related strength in other memorychip names, including SanDisk and Western Digital. Intel also advanced sharply, pushing its market value above its dotcom era peak and nearing a $550 billion valuation after a strong oneday gain. The move followed a large oneyear rally and renewed bullish positioning in the stock ahead of earnings last month.