AMD jumps 9% in premarket trading as global chip stocks rally after earnings and geopolitics lift sector

Shares of global semiconductor firms rallied on Wednesday as they were boosted by some positive earnings in the sector and a report of potentially less severe U.S. export restrictions on China.

AMD was among the big winners with shares up more than 9% in U.S. premarket trading after a strong second-quarter earnings report, while Samsung's was higher after a big jump in operating profit. ASML shares also jumped after Reuters reported new U.S. chip export restrictions to China could exclude allies like the Netherlands, Japan and South Korea.Shares of global semiconductor firms rallied on Wednesday as they were boosted by some positive earnings in the sector and a report of potentially less severe U.S. export restrictions on China.was among the morning's big winners with shares up more than 9% in U.S. premarket trading after the companyin its second-quarter financial report.

A smartphone with a displayed AMD logo is placed on a computer motherboard in this illustration taken March 6, 2023.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Spotify Shares Climb, UMG Shares Sink Following Q2 Earnings ReportsSpotify's stock rose and Universal Music shares fell following the companies' Q2 earnings reports this week. Get your music stocks update here.
Herkunft: billboard - 🏆 112. / 63 Weiterlesen »

Stock market today: With US markets closed, Asian shares slip and European shares gainShares are mostly lower in Asia after strong gains in Europe, while U.S. markets were closed for the July 4th holiday. Japan's benchmark Nikkei 225 topped 41,000 early Friday, gaining 0.3% and adding to Thursday's record close. U.S. futures edged higher and oil prices fell. On Wednesday, the S&P 500 rose 0.
Herkunft: AP - 🏆 728. / 51 Weiterlesen »

Stock market today: With US markets closed, Asian shares slip and European shares gainShares are mostly lower in Asia after strong gains in Europe, while U.S. markets were closed for the July 4th holiday.
Herkunft: ksatnews - 🏆 442. / 53 Weiterlesen »

Stock market today: With US markets closed, Asian shares slip and European shares gainShares are mostly lower in Asia after strong gains in Europe, while U.S. markets were closed for the July 4th holiday.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »

Starbucks reports in-line Q3 earnings as sales miss on China weakness; shares upStarbucks reports in-line Q3 earnings as sales miss on China weakness; shares up
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »