STMicroelectronics leads chip stocks higher, while investors await Intel results

(3min)
Futuristic central processor unit. Powerful Quantum CPU on PCB motherboard with data transfers.

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STMicroelectronics (NYSE:STM) and Lam Research (NASDAQ:LRCX) led chip stocks higher on Thursday after strong quarterly results from the two companies.

However, focus would shift to Intel (INTC) later in the day when the company reports its first quarter results

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