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Why Qualcomm, AMD, and Micron Stocks Popped Today


Semiconductor stocks exploded higher on Tuesday afternoon, riding a rising tide of positive market sentiment as the stock market responded to news of an apparent Russian troop pullback from Ukraine -- and the potential that war in Eastern Europe can be averted.

As of 3:30 p.m. ET, shares of Qualcomm (NASDAQ: QCOM) had risen 4.8%, Advanced Micro Devices (NASDAQ: AMD) was up 6.1%, and Micron (NASDAQ: MU) had gained most of all -- up 7.1%.

Image source: Getty Images.

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Source Fool.com

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