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Home/News Feed/Semiconductor and memory stocks rally despite hawkish August jobs report, awaiting CPI data next week.
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Semiconductor and memory stocks rally despite hawkish August jobs report, awaiting CPI data next week.

Market News
05 Sep 2026
Seeking Alpha
View Source
Neutral
Semiconductor and memory stocks rally despite hawkish August jobs report, awaiting CPI data next week.

Semiconductor and memory stocks unexpectedly rose following a stronger-than-expected August jobs report showing 162,000 new payrolls versus 56,000 expected. This rally contrasts with declines in most non-AI stocks, suggesting some selling pressure in semiconductors may have eased. However, investors remain cautious ahead of the upcoming August Consumer Price Index (CPI) report due on September 11, which could influence market direction. The author remains neutral on the market until the CPI data is released, despite some speculative buying.

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