Chip stocks rallied in morning trading as Nvidia's earnings report beat estimates, lifting chipmakers and reviving investor confidence. Nvidia rose 7%; Direxion Daily Semiconductors Bull 3x Shares rose 6%; Arm and SK hynix rose 4%; Intel, SanDisk, and Broadcom rose 3%; Marvell Technology and TSMC rose 2%; Micron Technology rose 1%.
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