AMD Climbs 4.36% as Chipmakers Rebound While Software Stocks Slide

On June 11, U.S. tech stocks showed a clear intra-sector rotation, with semiconductor names surging while major software companies declined. AMD rose 4.36%, Intel jumped 7.39%, and Micron gained 2.47%, reversing the prior session’s weakness. The rebound followed a broad selloff on June 10, when Nasdaq 100 futures dropped 1.4% and AMD fell 3.7% in premarket amid concerns over AI valuations. Oracle extended losses, plunging 11.36% on June 11 after slipping 2.5% the previous day ahead of earnings. Investors appear to be rotating within tech rather than exiting the sector entirely.