# Technology stocks rallied for a second consecutive day following last week's downturn.

*semiconductor, business · news · 2026-06-09 · Devdiscourse*

## Key points

- Applied Digital surged nearly 11% after a $5.2 billion AI data center lease announcement.
- Intel, Broadcom, and Micron Technology shares rose as much as 3.2% on Tuesday.
- The Philadelphia SE Semiconductor index climbed 2.3%, outpacing broader market gains.
- Easing Middle East tensions contributed to improved investor sentiment and tech stock buying.

Wall Street's major indexes showed substantial gains on Tuesday as technology stocks rallied for a second consecutive day following last week's downturn. Easing tensions in the Middle East also contributed positively to investor sentiment. Key chipmaking companies, including Intel, Broadcom, and Micron Technology, saw their shares rise by up to 3.2%. Applied Digital notably surged almost 11% after securing a $5.2 billion AI data center lease with a U.S.-based hyperscaler. The Philadelphia SE Semiconductor index increased by 2.3%, with the S&P 500 tech index climbing 0.7%. Despite previous concerns regarding high valuations, particularly after Broadcom's disappointing forecast, strong earnings expectations helped maintain bullish momentum in the tech sector. (With inputs from agencies.)

**Companies:** Broadcom, Intel, Micron Technology, Applied Digital
**Countries:** United States

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/business/3932678-wall-street-gains-amid-tech-stock-rally-and-middle-east-relief)

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