Chip stocks jumped in premarket trading. Direxion Daily Semiconductors Bull 3x Shares, SanDisk Corp. up 4%; Lam Research, Applied Materials, KLA-Tencor, Seagate Technology PLC up 3%; Credo Technology Group Holding Ltd, Micron Technology, Intel, Western Digital, Texas Instruments, ARM Holdings, Advanced Micro Devices, STMicroelectronics NV, ON Semiconductor, Wolfspeed Inc., VanEck Semiconductor ETF up 2%.
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