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Philadelphia Semiconductor Index Erases Nov. 5 Losses With 4.7% Gain

Lumentum led the listed stocks with a 10.39% advance, while the three-times leveraged semiconductor ETF SOXL gained 14.06%.

By Enna Lee
Published
A silicon wafer rests on a stepped metal plinth in warm light / TokenPost.ai (mono)
A silicon wafer rests on a stepped metal plinth in warm light / TokenPost.ai (mono)

Wednesday's 4.7% advance returned the Philadelphia Semiconductor Index to its level before a 12% plunge on Nov. 5, with gains across the listed chip stocks.

Lumentum rose 10.39%, the largest move among the listed companies. Seagate Technology added 8.39%, SK Hynix gained 7.42% and Micron Technology rose 6.98%.

Intel advanced 6.77%. Broadcom climbed 5.19%, Taiwan Semiconductor Manufacturing Co. gained 4.19% and Nvidia rose 2.72%.

SOXL, a three-times leveraged semiconductor ETF, gained 14.06%.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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