Chip manufacturers and AI infrastructure stocks rise in pre-market trading, while software stocks fall.
Due to continued influx of investors into the semiconductor industry, bullish on the strong long-term growth potential brought by artificial intelligence, semiconductor company stocks are rising in pre-market trading. VanEck Semiconductor ETF is up 1.7% pre-market; Nvidia is up 1.5%, Broadcom is up 6.6%, and TSMC is up 0.5%. Marvell Technology's stock price has surged 25%, with former Nvidia CEO Jensen Huang stating that Marvell is poised to become the next trillion-dollar company, which would be more than five times its current market value.
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