WS #11348
Semiconductor stocks rebounded sharply on July 3, with SanDisk, Lam Research, and Micron up 5-7%, reversing part of the 12% two-session decline triggered by weak jobs data and SK Hynix HBM production slowdown reports. Apple surged 5% after Bloomberg reported suppliers were instructed to prepare 10 million foldable iPhones for autumn launch, contributing to Dow record.
Semiconductor rebound after AI chip selloff
Semiconductor stocks rebounded sharply on July 3, with SanDisk, Lam Research, and Micron up 5-7%, reversing part of the 12% two-session decline triggered by weak jobs data and SK Hynix HBM production slowdown reports.
Apple surged 5% after Bloomberg reported suppliers were instructed to prepare 10 million foldable iPhones for autumn launch, contributing to Dow record.