18 Hrs
Source:
المشهد العربي
Wall Street Sees Semiconductor Rally
Shares of electronics chip companies and the semiconductor industry rose on Wall Street, with the Philadelphia Semiconductor Index (SOX) increasing by 2.82% to reach 11,451 points. This rise was driven by expectations that the decline wave has ended and by support from artificial intelligence technologies. Major stocks such as Sandisk and Western Digital saw notable gains of 7.58% and 6.31%, respectively. This recovery comes after warnings of concerns related to increased spending on artificial intelligence, interest rates, and growing Chinese competition in the memory chip market.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)