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U.S. Semiconductor Stocks Rise Premarket After Asia Rally

U.S. semiconductor stocks jumped in premarket trading after AI-related gains in Asian markets, lifting the tech-heavy Nasdaq and broader chip complex. Micron surged 4.9% (about $36.50), Marvell climbed 5.4% ahead of its earnings, and Qualcomm and other memory and chip names posted sizable premarket gains. The Nasdaq was up roughly 0.8% premarket, extending a multiweek run (higher seven of the past eight weeks). The rally was supported by strong AI-sector momentum in Hong Kong and South Korea and tentative optimism from apparent U.S.-Iran peace-talk progress, though later strikes trimmed some futures gains.

Category

NVIDIA

Sentiment

Bullish

Event

Price movement

Reading time

1 min