BUZZ-US chipmakers rise driven by global AI optimism

Reuters
10/02
BUZZ-US chipmakers rise driven by global AI optimism

** Shares of U.S chipmakers rise premarket following global rally driven by AI demand

** Samsung 005930.KS and SK Hynix 000660.KS enter deal to supply chips to OpenAI's Stargate project, sparking a surge in chip stocks across the globe

** Nvidia NVDA.O is up 1.3%, Broadcom AVGO.O rises 2.6%, Advanced Micro Devices AMD.O gains 3.3%, while Qualcomm QCOM.O rises 1%

** Micron Technology MU.O rises 1%, chip equipment maker Applied Materials AMAT.O up 2.4% and Lam Research LRCX.O up 1.7%

** Philadelphia SE Semiconductor index .SOX, which touched a record high on Wednesday, has risen more than 30% this year

(Reporting by Avinash P in Bengaluru)

((Avinash.P@thomsonreuters.com;))

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