Chip stocks rallied in morning trading, supported by technology stocks after Anthropic's IPO filing, while investors also awaited interest-rate decisions from the US Federal Reserve due later this week.
Direxion Daily Semiconductors Bull 3x Shares rose 5%; Lam Research, SK hynix, and Micron rose 3%; Nvidia, NXP Semiconductors, SanDisk, Arm, Seagate, Western Digital, Broadcom, and ASML rose 2%; AMD rose 1%.
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