Semiconductor Shares Rise. Marvell Jumps 7%; Intel Rises 6%; Nvidia Gains 2%
Semiconductor shares rose in morning trading. $Marvell Technology$ rose 7%; $Intel$ rose 6%; $TSMC$ rose 3%; $Nvidia$ rose 2%.$Intel$ expressed optimism on Thursday about the future of its PC and server businesses, forecasting current-quarter revenue above estimates but warning that it had "a lot of work to do."The company has largely missed out on a boom in investments in speedy, advanced AI chips for data centers as businesses double down on adopting generative AI technology - a market dominat