Changes in US stocks | The Philadelphia Semiconductor Index surged 4%, Maywell Technology (MRVL.US) rose more than 8%

The Zhitong Finance App learned that on Wednesday, the Philadelphia Semiconductor Index opened with a sharp rise of 4%, recovering all of the 12% decline that plummeted on November 5. In terms of individual stocks, Maywell Technology (MRVL.US) rose more than 8%, Intel (INTC.US) rose more than 6%, Broadcom (AVGO.US), ARM (ARM.US), and Microcomputer (SMCI.US) rose more than 5%, and TSM.US (TSM.US) rose more than 3%.

Morgan Stanley published a research report stating that after the recent market correction, investors are advised to lay out targets related to the semiconductor sector. The bank believes that the current round of decline appears to have “gone too far,” and that the risk-benefit ratio of the targets covered has “improved significantly.” The bank acknowledged that recent events have indeed brought certain risks, but the visibility of the industry sentiment is still “extremely strong”. Leading companies with sufficient capital will continue to increase their investment for many years, and demand is continuous.