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Chip Stocks Rally After Earnings And H200 Approval
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Chip stocks jumped on Wednesday after strong fourth-quarter results from ASML and SK Hynix and a Reuters report that China approved sales of Nvidia's H200 systems. The VanEck Semiconductor ETF rose more than 3% premarket, ASML traded about 5% higher and SK Hynix gained over 5% as rising memory prices and EUV-driven demand supported bookings and profits. The moves signal firmer semiconductor demand and eased export uncertainty for Nvidia in China.
