US AI Stocks Rise in Premarket; Marvell Jumps More Than 7%
Summary
- U.S. artificial intelligence (AI)-related stocks were broadly higher in premarket trading, with buying focused on semiconductors and data-center infrastructure names.
- Marvell Technology Inc. (MRVL) rose more than 7.2%% in premarket trading, while Micron Technology Inc. (MU), AMD, Broadcom (AVGO) and Arista Networks (ANET) also moved higher.
- The market says sentiment toward AI infrastructure investment could remain intact for semiconductor, networking equipment and memory-related stocks if the spending trend continues.
Forecast Trend Report by Period
U.S. artificial intelligence-related stocks were broadly higher in premarket trading, with buying focused on semiconductor and data-center infrastructure names.
Odaily reported on June 8 that Marvell Technology Inc. climbed more than 7.2% before the opening bell.
Memory-chip maker Micron Technology Inc. rose more than 4.52%. Advanced Micro Devices Inc. gained more than 2.66%, while Broadcom Inc. and Arista Networks Inc. advanced more than 1.58% and 1.45%, respectively.
AI-related stocks have continued to lead the U.S. market on expectations for increased data-center investment and demand for high-performance semiconductors. Investors say sentiment toward semiconductor, networking-equipment and memory shares could remain firm if spending on AI infrastructure continues.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
