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Benzinga
Benzinga
Business
Piero Cingari

Chip Rally Ignites Nasdaq 100 Rebound Ahead of SK Hynix's US Listing: Stock Market Today

United States IREN ETF Semiconductor Credo Technology Group Holding Ltd NYSE
Sk,Hynix,America,Headquarters,In,San,Jose,,Ca,,Usa,

A powerful rebound in semiconductor stocks lifted Wall Street on Monday, driving the tech-heavy Nasdaq 100 sharply higher, as investors dumped defensive corners of the market in a broad risk-on rotation.

The session’s driving force was memory. A DRAM-sector surge rippled across chipmakers ahead of Samsung‘s quarterly sales updates and SK Hynix‘s planned U.S. listing this Friday, with the market betting the artificial-intelligence trade that has powered the bull run still has room to run.

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