Chip and AI-related stocks edged higher on Wednesday, showing signs of recovery from Tuesday onslaught that was led by memory stocks including Micron Technology (MU), which reports today post market.
The tech-focused Nasdaq Composite (COMP:IND) jumped around 0.75%
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Please disable your ad-blocker and refresh. Entering text into the input field will update the search result below Entering text into the input field will update the search result below Quick Insights AI and chip stocks saw gains; Nasdaq and S&P 500 rose about 0.75%, but some memory stocks remained in the red while most AI and networking stocks were in the green. Micron is outperforming major semiconductor and AI-chip peers ahead of its earnings, despite a recent dip, due to strong execution and anticipation of fiscal results.