CHPS is trading at $81.31, up 1.55%, as record SK Hynix results and strong AI-memory demand lift semiconductor and technology shares.
- Reuters reported Micron up 4% premarket, with Nvidia, AMD and Marvell also higher.
- Investors are positioning ahead of Microsoft and Alphabet earnings after the close, which could offer clues on AI spending and cloud demand.
- The Fed’s rate decision remains a broader-market focus, while chip-sector strength is the clearest catalyst.