BUZZ-US chipmakers rise premarket with Nvidia set to resume sale of AI chips to China
U.S. chipmakers' shares are rising in premarket trading as Nvidia prepares to resume sales of its H20 AI chips to China, with Nvidia's stock up 4.35%. Other notable gains include Micron Technology (+2%), Super Micro Computer (+3.1%), Broadcom (+1.4%), and Qualcomm (+0.8%). Advanced Micro Devices and Intel also see increases of 3.2% and 0.9%, respectively. Taiwan Semiconductor Manufacturing's shares rise 2.1% ahead of its quarterly results. The Philadelphia Semiconductor Index has increased approximately 13.4% year-to-date.
Shares of U.S. chipmakers rise premarket as Nvidia (NVDA.O) is set to resume H20 AI chip sales to China; NVDA shares up 4.35%
Memory chipmaker Micron Technology (MU.O) climbs 2%, and AI server maker Super Micro Computer (SMCI.O) gains 3.1%
Networking chipmakers Broadcom (AVGO.O) and Marvel Technology (MRVL.O) rise 1.4% and 2.5%, respectively; Qualcomm (QCOM.O) adds 0.8%
Advanced Micro Devices (AMD.O) and Intel (INTC.O) , which make chips for personal computers, servers and AI chips, climb 3.2% and 0.9%, respectively
U.S.-listed shares of contract chipmaker Taiwan Semiconductor Manufacturing (TSM.N) are up 2.1%
TSM is set to report second-quarter results on Thursday
Philadelphia Semiconductor Index (.SOX) is up around 13.4% YTD
