Micron, Intel lead chip recovery, adding nearly $250B as most of Wall Street falls
FROM THE WIRE · FINANCE.YAHOO.COM
Last week, chip stocks helped drag Wall Street lower. Monday, they're lifting the indexes while most stocks keep falling. A Yahoo Finance basket of 60 chip-related stocks is recovering nearly $250 billion in market value, with gains reaching across memory makers, chip designers…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe chip basket rebound against a falling broad market shows gains concentrated in few names.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01A Yahoo Finance basket of 60 chip stocks recovered nearly $250 billion in market value.
- 02Micron and Intel each gained over 2%, while Sandisk rose nearly 5%.
- 03Roughly 70% of S&P 500 stocks are falling, while the equal-weight ETF RSP is lower.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Micron Technology, Inc.924.92 USD+1.14%today +5.24%Positive Intel Corp.95.11 USD+1.21%today +5.85%Positive Sandisk Corporation1,401.89 USD+0.70%today +7.90%Positive Advanced Micro Devices, Inc.552.47 USD+0.82%today +4.49%Positive NVIDIA Corporation218.45 USD+0.74%today +2.02%Positive S&P 5007,730.16+0.30%today +0.92%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets