Chip stocks are clawing back part of Thursday's historic wipeout$IREN(IREN.US) +20%$AMD(AMD.US) +10%$Intel(INTC.US) +7.5…
Chip stocks are clawing back part of Thursday's historic wipeout
$IREN(IREN.US) +20%$AMD(AMD.US) +10%$Intel(INTC.US) +7.5%$Micron Tech(MU.US) and $Taiwan Semiconductor(TSM.US) +6%$Tesla(TSLA.US) +4.9%$Sandisk(SNDK.US) +4.4%$NVIDIA(NVDA.US) +3.9%The Philadelphia Semiconductor Index is up about 4.3% after plunging 12.2% yesterday, its worst day since March 2020Nasdaq is higher by about 1.6%, recovering a slice of Thursday's 5.5% correction slide that erased more than $2 trillionThe bounce is real, but it still leaves semis deep in the hole after a five-day drop of about 22%, the worst stretch since 2001. Crowded AI longs are buying the dip with one eye on December Fed hike odds near 80% after this morning's hot jobs printSource: StockMarket.News
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