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via finance.yahoo.comMarkets

Nvidia, AMD, Micron lead chip rebound after worst sell-off since 2020

FROM THE WIRE · FINANCE.YAHOO.COM

Chip stocks rebounded on Friday after suffering their worst sell-off since 2020. The PHLX Semiconductor Index (^SOX) was poised to open higher following a 12%, plunge on Thursday. Shares of US chipmaker Intel (INTC) jumped nearly 5% in premarket trading, erasing part of thir 10%…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishThe semiconductor rebound follows Thursday's crash tied to concerns over US data center buildout after the midterm vote.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The PHLX Semiconductor Index was poised to open higher after a 12% plunge on Thursday.
  2. 02AMD rebounded after a 17% fall, while Nvidia rose nearly 4% in premarket trading.
  3. 03Micron and SK Hynix rose more than 7% and 5%, respectively, in premarket trading.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
NVIDIA CorporationNVDAStock191.95 USD+5.70%today +5.70%Positive Advanced Micro Devices, Inc.AMDStock435.53 USD+7.70%today +7.70%Positive Micron Technology, Inc.MUStock690.45 USD+5.19%today +5.19%Positive SK hynix Inc.SKHYStock125.92 USD+1.63%today +1.63%Positive PHLX Semiconductor IndexINDEX:SOXIndex9,579.16+6.30%today +6.30%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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