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Chip stocks extend global rebound following last week’s rout
['Vahid Karaahmetovic', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Investing.com -- Global chip stocks staged a meaningful rebound on Tuesday, building on Monday's recovery from last week's broad selloff in the sector.
Micron, SanDisk and Seagate were among Monday's top performers, a sharp reversal from Friday, when the same stocks posted double-digit losses.
SK Hynix's newly listed U.S. shares soared nearly 9%, and Marvell Technology rallied around 7%.
Elsewhere, European semiconductor giants ASML and ASM International gained more than 3% each, BE Semiconductor jumped 6.4%, while Infineon Technologies rose 3.9%.
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