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Technology Stocks : Semi Equipment Analysis

SOXX 291.39

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Nov 26 4:00 PM EST

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From: Julius Wong	6/5/2024 10:37:24 PM
	1 Recommendation Recommended By Return to Sender Read Replies (1) of 95480

Chip stocks spike across board as global demand climbs Jun. 05, 2024 12:30 PM ET By: Brandon Evans, SA News Editor SweetBunFactory Semiconductor stocks shot up across the board by noon trading Wednesday as chip demand elevates in 2024 and beyond. ASML Holding N.V. ( ASM) and Taiwan Semiconductor Manufacturing Company (NYSE: TSM) led the charge with an 8% and 7% surge, respectively. Both companies received positive news today, as ASML plans to send its latest chip-making system to TSM and Samsung ( OTCPK:SSNLF). Applied Materials (NASDAQ: AMAT) gained 5%, while Lam Research Corporation (NASDAQ: LRCX) and Broadcom (NASDAQ: AVGO) both increased 4.5%. Qualcomm (NASDAQ: QCOM), Nvidia (NASDAQ: NVDA) and Micron Technology (NASDAQ: MU) all added about 3%, while Intel (NASDAQ: INTC) gained 2%. Texas Instruments (NASDAQ: TXN) and Analog Devices (NASDAQ: ADI) inched up 1%. A forecast by the World Semiconductor Trade Statistics shows global chip demand surging in 2024 and 2025.

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