Technology stocks were rising premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 4.6%.
Nvidia (NVDA) is leaning towards using Taiwan Semiconductor Manufacturing's (TSM) 3-nanometer logic process and production capacity in the base die component of its planned high-bandwidth memory chip called NVHBM, Seoul Economic Daily reported, citing industry sources.
Nvidia shares were up 1.8% and Taiwan Semiconductor stock rose past 2% pre-bell.
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