“AMD jumps 5% as global chip stocks rally after earnings and geopolitics lift sector”
August 1, 2024
“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 5% after a strong second-quarter earnings report, while Samsung’s were 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 such as the Netherlands, Japan and South Korea…”