AMD, Micron, SK Hynix lead chip stock recovery
Complete. Here is the key summarySemiconductor stocks rebounded in Monday premarket trading, recovering from a >9% weekly drop in the PHLX Semiconductor Index. AMD surged 4% on analyst upgrades, while Nvidia rose over 1%. Broadcom and Intel also posted gains, signaling a sector-wide recovery.
What happened: Semiconductor stocks jumped on Monday in premarket trading, recovering from a rout that left the PHLX Semiconductor Index (^SOX) down more than 9% last week. AI chip heavyweight Nvidia (NVDA) rose more than 1%, while AMD (AMD) jumped 4% on analyst price target calls. Broadcom (AVGO) and Intel (INTC) were also poised to gain on Monday...