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AMD jumps 9% in premarket trading as global chip stocks rally after earnings and geopolitics lift sector

AMD jumps 9% in premarket trading as global chip stocks rally after earnings and geopolitics lift sector

Shares of global semiconductor firms rallied on Wednesday as they were boosted by some positive earnings in the sector and a report of potentially less severe U.S. export restrictions on China. AMD was among the morning’s big winners with shares up more than 9% in U.S. premarket trading after the company reported a top and […]

AMD jumps 9% in premarket trading as global chip stocks rally after earnings and geopolitics lift sector Read More »

AMD jumps 9% in premarket trading as global chip stocks rally after earnings and geopolitics lift sector

ASML shares pop 7% after report that U.S. will exempt allies from new China chip restrictions

Shares of ASML jumped as much as 10% on Wednesday after a Reuters report suggested that the company could be exempted from expanded export restrictions on chipmaking gear to China. Reuters reported on Thursday that the U.S. is considering expanding the so-called foreign direct product rule, but that allies that export key chipmaking equipment —

ASML shares pop 7% after report that U.S. will exempt allies from new China chip restrictions Read More »

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