Chip Stocks Surge as Holiday Trading Week Begins | Global News Avenue

Major U.S. stock indexes opened the week higher, with trading sessions shortened on Tuesday before a Christmas holiday.

The S&P 500 rose 0.7%. Strength in technology stocks helped the Nasdaq rise 1%, while the Dow rose in the afternoon, rising 0.2% on the day.

Broadcom (AVGOThe stock rose 5.5% after UBS raised its target price on the stock, topping the S&P 500 index. Analysts said they raised their forecasts Broadcom’s AI revenue That builds on the chipmaker’s disclosure of its addressable markets and improving prospects for its custom computing and artificial intelligence networking businesses.

Advanced Micro Devices stock (AMDAnalysts at Rosenblatt named the semiconductor stock one of their top picks for the first half of 2025, sending the stock up 4.5%. The investment research firm believes AMD has the upper hand in servers and data centers as it continues to gain share in the server and data center segments. Central processing unit and graphics processing unit market.

Other stocks in the semiconductor industry joined Monday’s gains as the Biden administration announced a new investigation into legacy Chinese semiconductors used in U.S. products. Shares of microcontroller maker Microchip Technology (MCHP) and power circuit provider Monolithic Power Systems (MPWR) both exceeded 4%, while chip industry giant Nvidia (NVDA),Intel(international trade center) and Qualcomm (Qualcomm) has also made progress.

Carnival Corporation (copper clad laminate) shares fell 4%, the largest decline among S&P 500 stocks. Monday’s decline reversed gains reported over the weekend after cruise operators reported Quarterly profits beat expectations and provided an optimistic outlook for bookings in 2025. Bernstein analysts maintained a “market perform” rating on Carnival stock, noting rival Royal Caribbean Cruises’ more optimistic growth prospects.RCL). Norwegian Cruise Line Holdings (NCLH) shares fell 2.9%.

Paramount Worldwide (arrive) reached an agreement with the Federal Communications Commission (FCC) to pay fines for violations of emergency alert systems. A petition has been filed with the Federal Communications Commission challenging Paramount’s planned merger with production company Skydance Media, according to a filing last week, but reports suggest Paramount will not be able to do so as the incoming administration evaluates the deal. The relationship between Lamont boss Sally Redstone and President-elect Donald Trump could be beneficial. Shares of the entertainment giant fell 2.9%

Shares of cloud-based HR software provider Workday (working days) fell 2.8% on Monday, the stock’s first day of trading as a member of the S&P 500 Index. Progress made in early December But it has been volatile in recent weeks after announcing it would join the benchmark index.

ResMed Stock (RMD), a medical technology company focused on sleep apnea devices, fell 2.6% after the U.S. Food and Drug Administration approved Zepbound as a treatment for obstructive sleep apnea in obese adults. Adoption of Eli Lilly’s blockbuster weight-loss drug increases (Li Lai) in sleep apnea patients could impact sales of ResMed’s continuous positive airway pressure (CPAP) devices. Eli Lilly shares rose 3.7%.