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Chip stocks rebound sharply; Arm leads with a 5% gain amid AI-driven demand optimism.

Market News
29 Sep 2026
24/7 Wall Street
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Bullish
Chip stocks rebound sharply; Arm leads with a 5% gain amid AI-driven demand optimism.

Chip stocks are recovering after a sharp selloff, with Arm Holdings leading the rebound by rising 5%. This recovery highlights renewed investor interest in semiconductors, especially those tied to artificial intelligence and data center growth. Marvell also gained 4%, benefiting from its AI infrastructure focus, while Qualcomm saw a modest 0.7% increase. Arm’s high valuation reflects strong growth expectations but also implies risk if execution falters. Investors should watch semiconductor ETFs for signs of sustained momentum and manage exposure carefully due to potential volatility.

As of Sep 29, 2026 22:21 WIB, Arm Holdings leads semiconductor gains on Pluang with a 5.40% rise, trading at USD 298.64, still well below its 52-week high of USD 439.46 but far above its low of USD 104.55. Marvell follows with a 4.00% increase at USD 261.98, closer to its 52-week high of USD 316.43 than its low of USD 73.73. Qualcomm shows a slight dip of 0.37%, trading at USD 186.78, nearer to its 52-week low of USD 124.07 than its high of USD 251.10. This contrast highlights varied momentum among chip stocks on Pluang amid the sector's rebound.

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