BusinessPhoto: NDTV BusinessChip Stocks Rally Up to 7% Ahead of AMD Earnings Report
Chip stocks including SanDisk, SK Hynix, Intel, Micron, AMD, and Nvidia rose sharply on November 3 after weeks of decline. SanDisk surged 7.15%, AMD gained 6.14%, and Micron increased 4.42%. The rally comes ahead of AMD's earnings report, expected to show a 92% rise in Q3 earnings and 41% revenue growth, with CEO Lisa Su forecasting very high chip demand exceeding supply in coming years.
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