US Chip Stocks Rally: Applied Materials Up 2.89%, Intel Down 0.14%
MRVL•Leading US chip stocks jumped after China’s semiconductor shares surged, with Applied Materials up 2.89%, AMD rising 0.25%, LITE gaining 1.17% and Micron adding 1.11%, while Intel slipped 0.14%. The sector rebound driven by renewed Chinese demand could influence Marvell Technology’s trading as well.
1. Sector Rebound Driven by China Rally
US chip names rallied in early trade following a strong advance in Chinese semiconductor equities, signaling renewed investor appetite for memory and foundry-related stocks.
2. Key Stock Performance
Applied Materials led gains with a 2.89% increase, Micron added 1.11%, LITE rose 1.17% and AMD climbed 0.25%, while Intel bucked the trend with a 0.14% decline amid mixed guidance.
