benzinga33d ago
Semiconductor stocks rebounded on Wednesday after several sessions of steep losses as investors reassessed geopolitical risks, tech-sector volatility, and fresh commentary from market figures.Chip Stocks Bounce After Multi-Day SelloffMajor semiconductor names including Nvidia Corp (NASDAQ:NVDA), Advanced Micro Devices, Inc (NASDAQ:AMD), Broadcom Inc (NASDAQ:AVGO), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Intel Corp (NASDAQ:INTC), Arm Holdings Plc (NASDAQ:ARM), Micron Technology, Inc (NASDAQ:MU), ON Semiconductor Corp (NASDAQ:ON), Super Micro Computer, Inc (NASDAQ:SMCI) recovered some ground after a selloff that began late last week.The decline came despite Nvidia reporting strong earnings, as investors focused on concerns around AI profitability, heavy capital spending, broader macroeconomic pressures, and escalating geopolitical tensions in the Middle East.Reports also indicated that Iran explored backchannel discussions aimed at ending the conflict a day after the U.S. and Israel launched joint strikes.Jim ...Full story available on Benzinga.com