BUZZ - U.S. chip-related stocks rise, bolstered by a positive outlook for artificial intelligence demand
路透社2026/10/21 12:42October 21 - ** Boosted by strong earnings reports from SpaceX SPCX.O and Super Micro SMCI.O, shares of U.S. chip-related companies rose in premarket trading
** SMCI expects (link) first-quarter revenue and profit margins to exceed expectations, while SpaceX's third-quarter revenue also saw significant growth (link), indicating rising demand for artificial intelligence
** Needham stated: "This momentum is expected to be driven by the mass production of next-gen AI systems"
** Chip giant NVIDIA NVDA.O rose 1.9%, while peer Advanced Micro Devices AMD.O gained 2%
** Marvell MRVL.O, Applied Materials AMAT.O, and Intel INTC.O posted gains between 2.1% and 2.5%
** Credo Technology CRDO.O jumped 7.1%, being one of the biggest gainers
** Memory chip maker Micron MU.O was up 3%, while data storage companies Western Digital WDC.O, SanDisk SNDK.O, and Seagate Technology STX.O rose between 3.5% and 3.9%
** This rally followed last week's sharp sell-off, which was driven by rising U.S. Treasury yields and concerns over Federal Reserve rate hikes, prompting worries about higher borrowing costs and a potential dampening of AI infrastructure spending
** As of the close of the previous trading session, the Philadelphia Semiconductor Index .SOX had gained nearly 60% year-to-date
(For the convenience of non-native English speakers, Reuters has automatically translated its report into several other languages. Because automated translation may contain errors or fail to include necessary context, Reuters does not guarantee the accuracy of the automated translated text and provides it solely for reader convenience. Reuters accepts no responsibility for any damage or loss caused by the use of automated translation.)
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