BUZZ-US chipmakers rise premarket with Nvidia set to resume sale of AI chips to China
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U.S. chipmakers' shares are rising in premarket trading as Nvidia prepares to resume sales of its H20 AI chips to China, with Nvidia's stock up 4.35%. Other notable gains include Micron Technology (+2%), Super Micro Computer (+3.1%), Broadcom (+1.4%), and Qualcomm (+0.8%). Advanced Micro Devices and Intel also see increases of 3.2% and 0.9%, respectively. Taiwan Semiconductor Manufacturing's shares rise 2.1% ahead of its quarterly results. The Philadelphia Semiconductor Index has increased approximately 13.4% year-to-date.
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