Chip stocks extend rebound as Middle East tensions ease

MSN
2026.06.09 20:53
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Semiconductor stocks, including Marvell, Broadcom, and Micron, rebounded up to 4.1% in premarket trading following Friday's declines. This recovery coincides with eased Middle East tensions after a pause in hostilities between Iran and Israel, which lowered oil prices. Meanwhile, market focus shifts to Wednesday's CPI report to assess inflation pressures and potential Federal Reserve rate decisions.