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NDTV Profit

Micron, AMD and SanDisk rebound in September 29 premarket trade after semiconductor selloff

AI Market Summary
Semiconductor stocks rebounded in premarket after a sharp prior-session selloff, supported by renewed AI optimism. AMD's $8.2B all-stock acquisition of World Labs signals continued strategic investment in AI research and product roadmaps, while Nvidia's expanded buyback authorization underscores strong cash generation and shareholder-return capacity. Together, the headlines help stabilize near-term sentiment toward chip and AI-linked equities after recent positioning-driven pressure.
Impact level
● Medium
Affected assets
NCSKAMD2USD/USDT+2.25%
AI Insight · NCSKAMD2USD/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Semiconductor shares rebounded in premarket trading on September 29 after leading the previous session’s Wall Street decline, with Micron up 1.57% to $1,070.5. SK Hynix, SanDisk, AMD, Nvidia and Intel also traded higher. Sentiment improved after AMD said it would acquire AI startup World Labs for $8.2 billion, reviving optimism around chips and artificial intelligence.
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