US chip stocks rebound in premarket trading; semiconductor ETF rises nearly 5%
US semiconductor stocks rallied in Friday’s premarket trading, with the iShares Semiconductor ETF up nearly 5% and Nasdaq 100 futures gaining 1.3%. Lam Research rose 9%, Micron 7.5% and Marvell 7%, while AMD and Applied Materials each gained 6%. CoreWeave rebounded 6.3%, following Thursday’s AI-sector selloff.