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via finance.yahoo.comMarkets

AMD, Broadcom and Micron lead chip stocks higher for third straight day

FROM THE WIRE · FINANCE.YAHOO.COM

Semiconductor stocks edged higher on Wednesday, with the PHLX Semiconductor Index (^SOX) rising for a third day in a row. Shares of AI chip heavyweight Nvidia (NVDA) rose almost 1% before trimming gains, while AMD (AMD) and Broadcom (AVGO) edged higher. Intel (INTC) also trimmed…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe chip sector rally tied to AI memory demand is relevant for the semiconductor index.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The PHLX Semiconductor Index rose for a third consecutive day.
  2. 02SK Hynix reported a sevenfold increase in profits last quarter.
  3. 03Micron and Samsung Electronics jumped 4% and 9%, respectively.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
NVIDIA CorporationNVDAStock217.78 USD+0.13%today -0.07%Positive Advanced Micro Devices, Inc.AMDStock563.38 USD-0.09%today +0.56%Positive Broadcom Inc.AVGOStock345.08 USD-0.25%today +0.80%Positive Applied Materials, Inc.AMATStock408.74 USD+0.61%today +3.24%Positive Lam Research CorporationLRCXStock249.09 USD+0.52%today +3.42%Positive PHLX Semiconductor IndexINDEX:SOXIndex11,567.42-0.02%today +0.74%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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