Nvidia, AMD, and Micron stocks lead chip sector higher following worst sell-off since 2020
Yahoo Finance · Ines Ferré ·
Nvida, AMD, Micron and Sandisk rebounded on Friday after the chip sector suffered its worst daily drop since 2020.
Chip stocks rebounded on Friday after suffering their worst sell-off since 2020. The PHLX Semiconductor Index (^SOX) was poised to open higher following a 12%, plunge on Thursday.
Shares of US chipmaker Intel (INTC) jumped nearly 5% in premarket trading, erasing part of thir 10% slide in the prior session. AMD (AMD) also rebounded after suffering a 17% fall. Nvidia (NVDA), which also declined 9% in the prior session, jumped nearly 4%.
Semiconductors bounced back after vast parts of the AI trade were hammered on Thursday as investors digested what a Democratic win in Congress means for the build-out of data centers in the US.
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