Chip rebound
The sharper gain for the tech-heavy Nasdaq 100 is likely being driven by a surge for shares of Applied Materials, the semiconductor equipment manufacturer. It is notching up a double-digit rise in premarket trading after abullish sales forecast for the year points to a reboundand suggests some of the largest chipmakers are increasing investments in new production. Other chip industry names are rising after the report too, notably giant Nvidia.
Will this help with funding RVS?
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