Chip Stocks Rally. ARM Holdings up Nearly 11%; SOXL Soars About 6%; Intel, Navitas up 4%; Marvell, SMCI up Around 3%; AMD up Nearly 2%
Tiger Newspress16:41
Chip stocks rallied in premarket trading. ARM Holdings up 10.7%; SOCL up 5.8%; Intel, Navitas up around 4%; Marvell, SMCI up around 3%.
Rising prices and wait times add to headache from ongoing memory chip shortage.
Worsening supply constraints in central processing units made by Intel and AMD are adding fresh pain for PC and server makers already hammered by an unprecedented memory chip shortage, Nikkei Asia has learned.
ARM Holdings stock popped over 10% in premarket trading as CEO Rene Haas announced 2031 annual revenue expectations that were more than six times what it was in 2025.
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