BusinessPhoto: NDTV BusinessChip Stocks Rally Up to 6% Ahead of Tech Earnings
Futures for chip companies including Micron Technology, CoreWeave, Intel, SK Hynix, and SanDisk rose over 6% in pre-market trading, driven by a drop in oil prices and Treasury yields. Nasdaq futures gained 1.05%. The rally follows last week's selloff amid concerns about chip oversupply in 2029 and rising borrowing costs for AI firms. CoreWeave led with a 6.89% increase to $65.62.
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