Why Qualcomm, Advanced Micro Devices, and Micron Technology Surged Today

Shares of chipmakers Qualcomm (NASDAQ: QCOM), Advanced Micro Devices (NASDAQ: AMD), and Micron Technology (NASDAQ: MU) all rose sharpy on Tuesday, with the stocks moving as high as 5.3%, 4.8%, and 5.6%, respectively at their daily highs. As of 2:45 ET, all were only slightly below those levels.

The technology sector is bouncing back broadly from a recent decline, based on the dual fears of the omicron variant and higher interest rates. However, those concerns seem to be ebbing today. In addition, Micron in particular was called a "top pick" by a prominent semiconductor analyst.

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Source Fool.com