BUZZ—US chip-related stocks rebound from recent plunge

October 19 - **After experiencing a round of broad sell-offs since October 7 (link), the stock prices of US chip-related companies rose in pre-market trading

** Rising Treasury yields and concerns about Federal Reserve rate hikes may increase borrowing costs and dampen spending on artificial intelligence infrastructure

** Chip giant NVIDIA NVDA.O rose 1.44%, and peer Advanced Micro Devices AMD.O climbed 3.22%

** Neocloud company Coreweave CRWV.O, backed by NVIDIA, surged about 3% today after plunging more than 25% last week

** Broadcom (AVGO.O) rose, while Qualcomm (QCOM.O) was up about 2.5%

** Marvell (MRVL.O) and Intel (INTC.O) both rose about 4%

** Memory chipmaker Micron Technology MU.O rose 3.34%

** Data storage company Western Digital WDC.O was up 2.67%, and SanDisk SNDK.O rose 4.06%

** As of the close of the previous trading day, the Philadelphia Semiconductor Index .SOX has risen 57.24% year-to-date; in the past two weeks, the index has fallen over 15%

(To facilitate non-native English speakers, Reuters provides automated translations of its reports in several other languages. Since automated translation may contain errors or lack required context, Reuters does not guarantee the accuracy of automated translation texts, which are provided solely for reader convenience. Reuters accepts no responsibility for any damage or loss caused by the use of automated translation features.)