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Stocks Rise as Tech Bounces After Rout over AI Worries
- On Monday, US chip stocks recovered ground after a bruising selloff last week, as the Semiconductor ETF climbed 3.6% in premarket trading on lower Treasury yields.
- Hot inflation raising the odds of Fed rate hikes and doubts about high AI-spending paying off weighed on tech stocks last week, wiping out about $2 trillion in market value.
- Intel was among top gainers, up 4.2% after tumbling over 14% last week, following Morgan's upgrade to "neutral" from "underweight" citing agentic AI demand and chip scarcity.
- Chip giant Nvidia rose 1.9%, AMD gained 3.5%, Marvell Technology added 4.7%, and Broadcom rose 3.5%, while Micron Technology climbed 3.6% after dropping 14.6% last week.
- Lam Research, Texas Instruments, and Western Digital are set to report quarterly earnings this week, alongside Megacap tech stocks Meta Platforms, Tesla, and SpaceX testing investor confidence.
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Semiconductor Stocks Surge, Leading Tech (XLK) Rebound As Earnings Season Kicks Off
Stocks climbed broadly on Monday as investors shifted attention toward earnings season, with semiconductor names leading a recovery after a punishing sell-off the prior week. The technology sector, tracked by the XLK ETF, posted gains of more than 1.6%, driven by strength across chipmakers and memory manufacturers. Chip giants Nvidia (NASDAQ: NVDA) and AMD (NASDAQ: AMD) were among the top performers, helping anchor the broader semiconductor rebo…
Memory Stocks Rally as Tech Selloff Unwinds: Micron Climbs 4%, Sandisk Jumps 7%, SK Hynix Rises 5%
Memory chip stocks are surging as AI spending fears fade, but Goldman Sachs just warned that Micron may be the odd one out while Sandisk and SK Hynix race ahead on a technology that could reshape how AI processors store data.
·Lakewood, United States
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Coverage Details
Total News Sources35
Leaning Left3Leaning Right3Center9Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
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