** Shares of U.S. chipmakers rise premarket, alongside global peers, as Microsoft announced plans for AI-enabled data center spending on Friday
** Microsoft MSFT.O to invest about $80 bln on developing data centers to train AI models and deploy AI- and cloud-based applications in FY25
** Citigroup says it is "a modest positive" as it removes the risk of a cut to capital expenditure
** Memory chipmaker Micron Technology MU.O rises 3%, AI chipmaker Nvidia NVDA.O 1.9%, and AI server maker Super Micro Computer SMCI.O 2.3%
** Networking chipmakers Broadcom AVGO.O and Marvel Technology MRVL.O rise 1.2% and 1.9% respectively; Qualcomm QCOM.O adds 1.3%
** Advanced Micro Devices AMD.O and Intel INTC.O, which make chips for personal computers, servers and AI chips, climb 2.7% and 1.1% respectively
** U.S.-listed shares of contract chipmaker Taiwan Semiconductor Manufacturing TSM.N rise 4.1%
** European chip stocks also rise
** The iShares Semiconductor ETF SOXX.O up 1.9%; VanEck Semiconductor ETF SMH.O up 2%
** The Philadelphia Semiconductor Index .SOX jumped 19.3% in 2024
(Reporting by Medha Singh)
((medha.singh@thomsonreuters.com))