Intel (INTC), Micron (MU) Stocks Bounce Ahead of Nvidia (NVDA) Earnings

AI Summary

Intel (INTC), Micron (MU), and Sandisk (SNDK) stocks increased for a second consecutive day, while AMD (AMD), Marvell (MRVL), and Arm Holdings (ARM) also gained in premarket trading. The rise in semiconductor stocks was driven by anticipation of Nvidia's (NVDA) quarterly results, with Nvidia shares rebounding by more than 1%. This bounce-back comes after a broader sell-off attributed to rising bond yields and inflation fears. The semiconductor sector has contributed significantly to the recent rally in the market, which reached all-time highs, with investor focus on signs of continued investment in infrastructure from hyperscalers.