Philadelphia Semiconductor Index Rises More Than 7% as AMD Surges

U.S. chip stocks extended their rally Monday, Nov. 9, lifting the Philadelphia Semiconductor Index more than 7% in intraday trading as AMD and Broadcom surged while Nvidia fell. AMD gained more than 12%, while Broadcom rose more than 9%. Micron Technology climbed more than 7%, and Intel advanced more than 5%. Qualcomm, ASML and TSMC each rose more than 4%. Nvidia declined more than 3%, moving in the opposite direction from the other chip stocks in the snapshot. Gains in other chip stocks carried the benchmark higher despite Nvidia’s decline at that point in the session. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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