Chip stocks rallied broadly on Thursday, with SanDisk Corp (SNDK.US) climbing more than 6%.
SK hynix (SKHY.US), Micron Technology (MU.US), and Intel (INTC.US) each advanced over 5%, while Advanced Micro Devices (AMD.US) gained more than 3%.
Broadcom (AVGO.US), Qualcomm (QCOM.US), Seagate Technology (STX.US), Western Digital (WDC.US), and NVIDIA (NVDA.US) also posted gains exceeding 2%.