PHLX Semiconductor Sector Index Ends Eight-Session Slide With 1.6% Gain
Photo: TokenPost
The PHLX Semiconductor Sector Index rose 1.6% Monday, Oct. 19, ending an eight-session slide as chip shares recovered, while AI cloud provider CoreWeave closed lower despite an intraday advance. The index briefly gained more than 3% before paring its advance. Its losing streak was the longest since October 2008. Sandisk climbed 5.5%, SK hynix American depositary shares (SKHY) gained 4.7%, Micron advanced 3% and Intel rose 2.4%. CoreWeave moved in the opposite direction by the close. Its shares rose as much as 7.4% during the session but finished down 0.4%, leaving the company out of the chip-index gain.
Source: TokenPost
