Tech & AI
Chip stock fund rises as longest losing run since 2008 ends
The iShares Semiconductor ETF (Nasdaq: SOXX) rose 1.7% on Monday, ending the chip index's longest losing streak since 2008. Micron (Nasdaq: MU) gained 3.0%, Lam Research (Nasdaq: LRCX) added 3.1% and Nvidia (Nasdaq: NVDA) rose 1.4%. Even after the bounce, the fund remains 23.4% below its 52-week high. A single up day may not mark a lasting recovery.
The numbers
| Nvidia (NVDA) price | $217.09 |
|---|---|
| Nvidia (NVDA) change | +1.38% |
| Nvidia (NVDA) 52-week high | $239.24 |
| Advanced Micro Devices (AMD) price | $538.05 |
| Advanced Micro Devices (AMD) change | +1.76% |
| Advanced Micro Devices (AMD) 52-week high | $649.42 |
| Applied Materials (AMAT) price | $413.11 |
| Applied Materials (AMAT) change | +0.93% |
| Applied Materials (AMAT) 52-week high | $723.00 |
| S&P 500 change | +0.41% |
| 10-year Treasury yield | 5.15% |
Monday’s close
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Not investment advice.
