WS #10114
Semiconductor stocks continue to rally, with MRVL surging 11.9% on analyst upgrades, INTC and MU up 8.6% and 9.3% respectively, and the sector up 5.1% overall, driven by AI demand and memory chip shortages. Traders piled into bets on interest-rate hikes as soon as next month after Fed Chair Kevin Warsh's debut press conference signaled the central bank won't tolerate high inflation, pressuring growth stocks and REITs. Apple has agreed to work with Intel to design and build its chips in the US, according to Trump, which is bullish for INTC and supports domestic semiconductor manufacturing.
Semiconductor strength continues
Semiconductor stocks continue to rally, with MRVL surging 11.9% on analyst upgrades, INTC and MU up 8.6% and 9.3% respectively, and the sector up 5.1% overall, driven by AI demand and memory chip shortages.
Traders piled into bets on interest-rate hikes as soon as next month after Fed Chair Kevin Warsh's debut press conference signaled the central bank won't tolerate high inflation, pressuring growth stocks and REITs.
Apple has agreed to work with Intel to design and build its chips in the US, according to Trump, which is bullish for INTC and supports domestic semiconductor manufacturing.