By Jared Mitovich
After a brief cool-off last week, U.S. semiconductor and memory stocks are rallying in Tuesday morning trading, led by Micron, which is nearing a $1 trillion market capitalization. It's on pace to surpass Walmart as the 11th largest U.S. company.
The revival began Friday when shares of Qualcomm rose more than 12% on the company's deal with global automaker Stellantis to support AI-powered vehicles. The momentum continued earlier today in Asia, with South Korea's Kospi index rallying 2.6%, helped by rises in chip-making champions Samsung Electronics and SK Hynix.
Now, the renewed excitement is lifting up markets in the United States, taking the tech-heavy Nasdaq up 1.3%.
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(END) Dow Jones Newswires
May 26, 2026 10:59 ET (14:59 GMT)
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