Chip Stocks Rally Led by NVIDIA and AMD as War Fears Ease

Deep News03:52

NVIDIA and Advanced Micro Devices spearheaded a robust rebound in chip and AI stocks on Monday, as easing U.S.-Iran tensions offered a respite to the market. Both stocks climbed approximately 2.8% in pre-noon trading after President Trump described recent talks with Iran as "productive" and temporarily halted planned military strikes. This shift in tone helped alleviate concerns over energy supply disruptions and broader geopolitical impacts, which had previously weighed on market sentiment.

The relief rally quickly spread across the semiconductor sector. Broadcom, Intel, Texas Instruments, Marvell Technology, Analog Devices, and Qualcomm all posted gains, with Texas Instruments also benefiting from the launch of its new data center module. In the AI segment, Oracle and Microsoft both rose over 1%, while Palantir stood out with a significant 5% surge.

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