Business · India Bureau
Semiconductor stocks surge on improved chip market outlook
Memory and processor chipmakers rallied in early trading as investor sentiment shifts toward the technology sector. SanDisk, Micron, SK Hynix and other major manufacturers posted gains of up to 4 percent.
LSN India ·
Memory chip and semiconductor manufacturers posted notable gains in pre-market trading, signalling renewed investor confidence in the sector after recent volatility.
SanDisk led the rally, climbing 3.8 percent to $1,493.12 per share, while South Korean chipmaker SK Hynix advanced 3 percent to $155.37. Micron Technology shares rose 2.5 percent to $910.43, with Intel also participating in the broader semiconductor rebound, gaining 3.5 percent to $87.26.
The gains reflect a broader shift in market sentiment toward technology stocks, particularly within the semiconductor industry which has faced headwinds from global supply chain challenges and cooling demand in recent months. Analysts have pointed to signs of stabilising chip prices and renewed corporate investment as potential catalysts driving the sector higher.
Investors appear to be reassessing valuations in the memory and processor chip space, with several major manufacturers trading at levels that some market participants view as presenting attractive entry points. The sector remains sensitive to macroeconomic conditions, geopolitical tensions affecting manufacturing hubs, and demand from artificial intelligence and data centre applications.