Chip Stocks Jump With SOXL, ON up 7%; LSCC, Wolfspeed, Marvell up 6%; ALAB, MU, SanDisk, Intel, CRDO up 4%; ARM, SK Hynix, WDC, AMD up 3%
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Chip stocks jumped in premarket trading. Direxion Daily Semiconductors Bull 3x Shares, ON Semiconductor up 7%; Lattice Semiconductor, Wolfspeed Inc., Marvell Technology up 6%; Qnity Electronics Inc up 5%; Astera Labs, Inc., Micron Technology, SanDisk Corp., Intel, Credo Technology Group Holding Ltd up 4%; ARM Holdings, SK hynix, Western Digital, Advanced Micro Devices, Semtech up 3%.

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