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U.S. Chip Stocks Rally Together... AMD Up 5.84%, Micron Up 3.88%, Apple and Palantir Fall

In the U.S. stock market on the 3rd, during the afternoon session in Korean time, major stocks showed a clear divergence depending on sector and individual names. Semiconductor stocks such as Nvidia, Micron Technology, AMD, and Intel rose together, while Apple, Palantir Technologies, and Tesla decli

Wooil Shim
Staff Reporter
6 min read
U.S. Chip Stocks Rally Together... AMD Up 5.84%, Micron Up 3.88%, Apple and Palantir Fall
CBC News

In the U.S. stock market on the 3rd, during the afternoon session in Korean time, major stocks showed a clear divergence depending on sector and individual names. Semiconductor stocks such as Nvidia, Micron Technology, AMD, and Intel rose together, while Apple, Palantir Technologies, and Tesla declined.

■ Chip stocks rally together... AMD's gain stands out

Among semiconductor stocks, AMD's gain was the most notable. AMD traded at $494.13, up $27.29 (5.84%) from the previous day. Trading volume was about 4.74 million shares, with a trading value of $2.309 billion.

Micron Technology (MU) rose $32.31 (3.88%) to $865.90. About 4 million shares were traded, with a trading value of $3.456 billion, the second-highest level among the day's stocks after Apple.

Nvidia (NVDA) also rose $6.00 (2.97%) to $208.06. Trading volume was about 14.09 million shares, with a trading value of $2.925 billion, and its market capitalization was tallied at about $5.0512 trillion.

Intel (INTC) traded at $62.32, up $2.35 (3.91%). Trading volume was about 23.73 million shares, with a trading value of $1.468 billion. With Intel rising along with AMD, Micron, and Nvidia, strength was evident across major semiconductor stocks.

SanDisk (SNDK), a computer hardware stock, rose $68.49 (6.37%) to $1,143.57. Trading volume was about 2 million shares, with a trading value of $2.267 billion. Its percentage gain exceeded that of AMD, Micron, and Nvidia.

■ Mixed fortunes in software... Oracle rises, Palantir slumps

Software stocks had mixed results. Oracle (ORCL) traded at $123.85, up $4.63 (3.88%). Trading volume was about 18.58 million shares, with a trading value of $2.247 billion.

In contrast, Palantir Technologies (PLTR) fell $8.45 (4.74%) to $169.89. About 13.7 million shares were traded, with a trading value of $2.323 billion — similar in scale to Oracle's, but the stock moved in the opposite direction.

■ Apple and Tesla weaken... declines diverge

Apple (AAPL) fell $6.44 (1.90%) from the previous day to $331.88. Trading volume was about 14.51 million shares, with a trading value of $4.768 billion. Active trading took place among the top-ranked by trading value, but the stock showed weakness.

Tesla (TSLA) declined $2.09 (0.52%) to $401.73. Trading volume was about 3.6 million shares, with a trading value of $1.449 billion. Its decline was more limited compared to Apple and Palantir.

The day's movement among major stocks can be summarized as a broad semiconductor rally alongside weakness in some large-cap names. In particular, AMD, Micron, Nvidia, and Intel rose in tandem, while Apple and Palantir fell, showing a clear divergence among major stocks.

[This article is based on market prices, and intraday figures are subject to change. It is not intended as investment advice; responsibility for investment decisions and any resulting gains or losses rests with the investor. AI assisted in part.]

Wooil Shim
Staff Reporter

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