Intel, AMD, and Micron Poised to Extend Gains and Set New Records
Deep News
May 11
Semiconductor stocks are advancing in pre-market trading, positioned to extend their upward momentum after several chip stocks closed at record highs last Friday. The latest rally is primarily driven by sustained investor enthusiasm for artificial intelligence infrastructure development.
This semiconductor surge has also spread to Asian markets: Asian chip stocks have soared to historic peaks, continuing the global uptrend in technology shares.
Notable pre-market performers include: Intel up 6.9%, Micron Technology up 3.3%, Advanced Micro Devices up 2.5%, and Qualcomm up 1.7%.
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