Benzinga·2025-10-29 13:31Group 1 - Intel Corp and Advanced Micro Devices Inc have unexpectedly become top performers in the S&P 500 in 2025, with significant year-to-date gains of 105% and 114% respectively [1][2] - Nvidia Corp leads the gains among major tech companies with a 45% increase, but Intel and AMD have outperformed the Magnificent Seven, indicating a shift in market dynamics [2][5] - The revival of Intel's foundry services and AMD's strong performance in data centers have positioned both companies as key players in the AI sector, moving beyond their traditional roles as chipmakers [2][4] Group 2 - A rotation in tech investment is occurring, with investors expanding their focus on AI beyond the largest tech firms, suggesting a broader market interest in enabling technologies [3][5] - The rapid growth of Intel and AMD highlights how quickly market leadership can change in response to structural trends like the expansion of AI hardware [4][5] - The market is signaling that AI-related gains are no longer confined to the largest tech companies, as evidenced by the significant performance of Intel and AMD [5]