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.
Source Fool.com