Chip Stocks Explode Higher in Tech-Led Market Rebound Rally
Chip stocks led a strong market rebound rally today, with the Philadelphia Semiconductor Index surging 7.5%. AMD was highlighted as a top performer within the S&P 500.
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Chip stocks led a strong market rebound rally today, with the Philadelphia Semiconductor Index surging 7.5%. AMD was highlighted as a top performer within the S&P 500.
Chip stocks, including Broadcom (AVGO), experienced profit-taking on May 12 after a 60% rally in the Semiconductor Index year-to-date. The Philadelphia Semiconductor Index fell 3% as investors locked…