BUZZ-US chipmakers jump again with memory stocks in the lead
NVIDIA Corporation NVDA | 0.00 | |
Navitas Semiconductor Corp Ordinary Shares - Class A NVTS | 0.00 | |
Sandisk Corporation SNDK | 0.00 | |
Everspin Technologies, Inc. MRAM | 0.00 | |
Seagate Technology Holdings PLC STX | 0.00 |
** Shares of U.S. chipmakers jump early on Wednesday as AI frenzy ripples across the globe with memory stocks leading the surge
** Micron Technology MU.O up 5.8%, Sandisk SNDK.O climbs 4.8%; Western Digital WDC.O and Seagate Technology STX.O rise more than 2% each
** iShares Semiconductor ETF SOXX.O up 2.1% before the bell, having surged 71.3% so far this year; Roundhill Memory ETF DRAM.K up almost 6%
** Smaller semiconductor stocks: Wolfspeed WOLF.N up 20%, Everspin Technologies MRAM.O, NVE Corp NVEC.O up 8.8%
** Nvidia NVDA.O up 2.1%, set to touch a fresh record at open and clinch $5.5 trillion in market cap for the first time
** European chip stocks rally after Asian tech rebound: South Korea's tech-heavy KOSPI .KS11 also touched a record after government-mediated talks between Samsung Electronics 005930.KS and its union to reach a pay deal
** Chip stocks across the globe have seen eye-popping gains this year as booming AI data center demand creates a shortage of chips, although recent gains have raised concerns about extreme valuation in the sector