US chip stocks rally intraday; Marvell up 8.1%, Micron up 7%

Cointime reports: US chip stocks rose broadly in intraday trading, with Marvell Technology (MRVL.O) up 8.1% and Micron Technology (MU.O) up 7%. Intel (INTC.O) gained 6.6%, Arm (ARM.O) 6.2%, Lam Research (LRCX.O) 6%, Broadcom (AVGO.O) 5.8%, KLA (KLAC.O) 5.7%, Applied Materials (AMAT.O) 5.4%, TSMC (TSM.N) 4.4% and AMD (AMD.O) 4.1%. Qualcomm (QCOM.O) rose 3%, Nvidia (NVDA.O) 2.6% and ASML (ASML.O) 2.1%.