US Stocks Move: Philadelphia Semiconductor Index rises over 3%, Arm surges over 10%
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Glonghui, May 20th｜Nvidia's Q1 earnings report is set to be released after the market close. Optimism in the market is driving the overall semiconductor sector higher, with the Philadelphia Semiconductor Index up over 3%. As for individual stocks, Arm rose more than 10%, Marvell Technology gained over 8%, Intel rose more than 6%, AMD gained nearly 5%, Micron Technology, ASML, and Lam Research rose over 3%, while TSMC, Microchip Technology, and Qualcomm were up more than 1%.
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