US chip stocks are strong before the market opens, Micron surges another 10%

Odaily According to MSX.COM data, US stock index futures are collectively rising, with Dow Jones futures up 0.24%, S&P 500 futures up 0.32%, and Nasdaq 100 futures up 0.81%.

Following a 19% gain yesterday, Micron Technology surged as much as 10% in pre-market trading today, reaching $984.95, with a total market capitalization of $1.1 trillion. Other chip stocks also continued their strong performance, with Marvell Technology up over 6%, NXP Semiconductors up over 6%, Western Digital up over 5%, and SanDisk and Seagate Technology up over 3%. TSMC's US shares rose over 5% in pre-market trading, with reports indicating that TSMC will raise prices for its 3nm process by 15% in the second half of the year, with a potential further 10% increase next year.