AMD, Micron, SK Hynix lead chip stock recovery

Price Action
โดย Yahoo Finance·Read original
Summary · why it matters

Semiconductor stocks jumped in premarket trading on Monday, recovering from a rout that left the PHLX Semiconductor Index down more than 9% last week. AMD rose 4% after Rosenblatt named it a top pick and raised its price target to $665 from $490, while UBS raised its target to $700 with a Buy rating ahead of AMD's annual AI conference. Memory leaders Micron Technology and SK Hynix gained 4% and 5%, respectively, and AI heavyweight Nvidia rose more than 1%. The rebound comes as investors weigh competition from Chinese startups like Moonshot, which unveiled a lower-cost AI model, prompting Deutsche Bank analysts to question the sustainability of current industry capital expenditure if similar performance can be delivered more cheaply.

Impact on stocks 14

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