$VanEck Semiconductor ETF (SMH.US)$ is up 1% on the back of ...
$VanEck Semiconductor ETF (SMH.US)$is up 1% on the back of $Micron Technology (MU.US)$nice beat in AHs. In related news, micron is down 3.2% on this beat with 2nd highest revenue in a quarter EVER.$Advanced Micro Devices (AMD.US)$is also up nicely on micron news, now extending its gap (has outperformed micron by $54 in 5 months, 75% of micron market cap). Micron states it currently has $6b earmarked for buyback, and that it bought $1.1b on share weakness last Q.
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Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.