US chip stocks gain after Nvidia results

Marvell Technology

27/08/2026 15:00

Updates
** U.S. semiconductor shares gain in early trading after Nvidia NVDA.O forecasts a 70% jump in revenue next fiscal year
** Intel INTC.O up 3.5%, Broadcom AVGO.O rises 2.2%
** U.S.-listed shares of Arm Holdings O9Ty.F, ARM.O and Marvell MRVL.O rise 4.8% and 3.8%, respectively; Lam Research LRCX.O gains 2.5%
 ** U.S.-listed shares of SK Hynix 000660.KS, SKHY.O up 3.9% and TSMC 2330.TW, TSM.N up 1.3%
** iShares Semiconductor ETF SOXX.O and Roundhill Memory ETF DRAM.Z rise about 2% each
** Philadelphia SE Semiconductor index .SOX rises 1.84%; on track for best day in more than two weeks, if gains hold
** Tech shares also gain across Asian and European markets

(Reporting by Joel Jose in Bengaluru)
((joeljose@thomsonreuters.com))