- Semis gain after Broadcom called for a bottom in the semi business in Q2 and Lam Research (LRCX +5.6%) received a Citi target bump from $177 to $215 citing a recent pickup in NAND equipment orders.
- On the move: Ichor (ICHR +6.5%), MKS Instruments (MKSI +5.9%), STMicroelectronics (STM +5.4%), Ultra Clean (UCTT +5.2%), Applied Materials (AMAT +4.4%), Skyworks (SWKS +4.3%), Micron (MU +2.9%), Lumentum (LITE +4.1%), Nvidia (NVDA +2.8%).
- The Philadelphia Semiconductor Index is up 3.3%.
- Related semi ETFs: SOXL, SOXX, SMH, USD, PSI, XSD, SOXS, SSG, FTXL, XTH