AITheStreetabout 3 hours ago
Chip stocks jump as Strait of Hormuz reopens
5 min read
Memory and storage chip companies surged on Monday after the United States and Iran announced a peace agreement reopening the Strait of Hormuz. The rally removed the single biggest threat to the AI trade, benefiting firms like Micron, Western Digital, Seagate, SanDisk, AMD, and Arista Networks.
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