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US chip stocks rise after steepest weekly selloff in months

Intel rose 4.2% after J.P. Morgan upgraded the stock, while the Philadelphia chip index fell 11.4% last week.

Summary by Channel News Asia
Oct 19 : US chip stocks recovered some ground on Monday, bouncing after a bruising selloff last week as lower Treasury yields and easing crude oil prices offered some support to the recently battered AI trade. The iShares Semiconductor ETF, which is the largest ETF tracking US chip-related companies in terms

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US chip stocks rise after steepest weekly selloff in months

·London, United Kingdom
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WTVB broke the news on Monday, October 19, 2026.
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