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MarketBeat
MarketBeat
Business
Leo Miller

Why These 3 Automotive & Industrial Chip Stocks Just Soared

On Dec. 3, many semiconductor stocks that serve automotive and industrial markets spiked. While artificial intelligence (AI) semiconductor companies garner the most headlines, investors should not overlook automotive and industrial chip stocks.

They play key roles in enabling electric and autonomous vehicles, robotics, and industrial automation. Below, we’ll detail three of these names that rose by 9% or more on Dec. 3, along with the reason behind those moves.

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