US semiconductor, chip equipment stocks gain as Alphabet says capital spending in 2026 could double

Lam Research

05/02/2026 10:10

** Shares of U.S. semiconductor and chip equipment stocks rise premarket after Alphabet GOOGL.O says capital spending in 2026 could double

** Micron MU.O up 1.8%, Broadcom AVGO.O jumps 5.4% while AMD AMD.O and Nvidia NVDA.O rise 2.2% each

** Chip-making equipment cos, Lam Research LRCX.O rise 2.4% while Applied Materials AMAT.O up 3.2%

** The PHLX Semiconductor Index .SOX has risen 7.6% so far this year

(Reporting by Joel Jose in Bengaluru)

((mail to: Joeljose@thomsonreuters.com))