Rally across semiconductor names, pushing the PHLX Semiconductor Index 5.5% higher and helping the broader information technology sector (+1.7%) finish as the top-performing S&P 500 sector.
VanEck Semiconductor ETF NASDAQ: SMH
602.14▲ +25.82 (+4.48%) today
Micron (MU 895.88, +144.88, +19.29%) surpassing a $1 trillion market capitalization after UBS raised its price target on the stock to $1,625 from $535 and reiterated its Buy rating.
Advanced Micro Devices (AMD 503.89, +36.38, +7.78%
onsemi (ON 126.98, +10.78, +9.28%
Though NVIDIA (NVDA 214.86, -0.47, -0.22% continued to struggle to hold intraday gains following last week’s earnings release.