US Stock Market Move | Chip manufacturer stock price rises, Intel Corporation (INTC.US) up over 4%
After Federal Reserve Chairman Powell hinted at easing monetary policy, chipmakers' stocks rose.
On Friday, after Federal Reserve Chairman Powell hinted at easing monetary policy, chip manufacturers' stock prices rose. As of the time of writing, NVIDIA Corporation (NVDA.US) rose more than 1%, Intel Corporation (INTC.US) rose more than 4%, Qualcomm (QCOM.US) rose more than 3.2%, Broadcom Inc. (AVGO.US) rose more than 2.3%, Nawai Semiconductor (NVTS.US) rose more than 3.5%, and Micron Technology, Inc. (MU.US) rose more than 3%.
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China Securities Co., Ltd.: Domestic computing power sector welcomes intensive catalysis, computing power chips usher in a window of opportunity for domestic substitution.

The number of "hundred-yuan stocks" on the A-share market has tripled year-on-year, with as many as 30 semiconductor companies.

Guotai Haitong: The Federal Reserve may start cutting interest rates in September, with up to two rate cuts expected by the end of the year.

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