BUZZ-US chip stocks advance on AI build-out hopes
NVIDIA Corporation NVDA | 0.00 | |
Intel Corporation INTC | 0.00 | |
Micron Technology, Inc. MU | 0.00 | |
Advanced Micro Devices, Inc. AMD | 0.00 | |
Arm Holdings ARM | 0.00 |
** U.S. chipmakers rally premarket after AMD's Q4 EPS and earnings beat, bullish AI outlook fuels sector optimism
** Roundhill Memory ETF DRAM.Z jumps 7.6%; Intel INTC.O, Arm ARM.O surge 6.6%, 11.2% respectively
** Qualcomm QCOM.O up 3.7%; U.S.-listed stocks of TSMC TSM.N, Micron MU.O gain ~1%, 6.6%, respectively
** AMD's $10.25 bln revenue vs $9.89 bln est; EPS $1.37 vs $1.29 est
** "AMD has had plenty of excitement around AI before, but the fundamental story is now starting to look more real, helped by a larger addressable market, stronger product positioning" said Matt Britzman, senior equity analyst, Hargreaves Lansdown
** Philadelphia Semiconductor Index .SOX is up 55% YTD