Shares of semiconductor stocks are trading higher. Possible catalysts include debt ceiling optimism, AI-related momentum and strength in Micron following its plan to make chips in Japan.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor stocks are trading higher due to debt ceiling optimism, AI-related momentum, and Micron's plan to make chips in Japan.
May 18, 2023 | 7:46 pm
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Micron's plan to make chips in Japan contributes to the rise in semiconductor stocks.
Micron's plan to make chips in Japan is a direct catalyst for the rise in semiconductor stocks, as it indicates expansion and growth in the sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100