Applied Materials, Lam Research, Marvell, Micron, Semtech surge after tech retreat
FROM THE WIRE · FINANCE.YAHOO.COM
Applied Materials, Lam Research, Marvell Technology, Micron, and Semtech Shares Skyrocket, What You Need To Know What Happened? A number of stocks jumped in the morning session after investors cautiously returned to beaten-down stocks following the previous week's technology…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe chip-stock rebound follows the Nasdaq drop and JPMorgan's upgrade of Intel.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The Nasdaq had fallen 4.5% the previous week.
- 02JPMorgan upgraded Intel to neutral from underweight.
- 03Hardware suppliers are directly exposed to hyperscaler infrastructure budgets.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Applied Materials, Inc.413.11 USDMarket closedtoday +0.93%Positive Lam Research Corporation272.20 USDMarket closedtoday +3.13%Positive Marvell Technology, Inc.237.09 USDMarket closedtoday +4.06%Positive Micron Technology, Inc.904.90 USDMarket closedtoday +2.97%Positive Intel Corp.92.03 USDMarket closedtoday +2.43%Positive NASDAQ Composite26,430.89Market closedtoday +1.11%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets