Semiconductor, retail and biotech stocks climb on sector catalysts

MSN
2026.05.20 16:15
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Semiconductor stocks, including Intel and Micron, rose due to analyst upgrades and AI demand, alongside potential supply disruptions from a Samsung strike. Retailers Target and TJX reported strong earnings, surpassing forecasts with solid sales growth. Biotech firm Immunovant saw significant gains after positive Phase 2 trial results for rheumatoid arthritis.