On Thursday, U.S. chip stocks broadly advanced in pre-market trading, with Qualcomm surging more than 12%, On Wednesday local time, Qualcomm signaled extremely aggressive growth at its investor day, announcing a major foray into the artificial intelligence (AI) data center chip market and significantly raising its long-term financial targets.
Meanwhile, Intel rising 6%, AMD gaining nearly 4%, Taiwan Semiconductor Manufacturing adding 3%, and NVIDIA up more than 1%.
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