Chip, storage shares rose in premarket trading. Super Micro soared 12%; ARM Holdings, Credo up around 3%; Micron, SOXL, SanDisk up around 2%; Qualcomm, AMD, ASML up around 1%.
U.S. tech giants including Alphabet and Amazon plan to spend over $700 billion on AI infrastructure this year, which would drive up demand for server and data center equipment from suppliers such as Dell and Super Micro Computer.
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