US chip-related stocks rebound from recent rout

Western Digital

Mon 12:32

**Shares of US chip-related companies advance premarket, after a broader selloff since Oct 7
** Rising Treasury yields and Fed rate hike concerns have threatened to raise borrowing costs and curb AI infrastructure spending 
** Chip giant Nvidia NVDA.O up 1.44%, while peer Advanced Micro Devices AMD.O up 3.22%
** Neocloud firm Nvidia-backed Coreweave CRWV.O  up about 3% after an over 25% fall last week
** Broadcom AVGO.O up and Qualcomm QCOM.O up about 2.5% 
** Marvell MRVL.O and Intel INTC.O advance about 4%  
** Memory-chip maker Micron MU.O up 3.34%
**Data-storage cos Western Digital WDC.O up 2.67% and Sandisk SNDK.O up 4.06%
** As of last close, Philadelphia Semiconductor Index .SOX  up 57.24% YTD; the index shed over 15% in previous two weeks

(Reporting by Jayasree Prabhu)
((jayasree.prabhu@thomsonreuters.com))