Global stocks experienced a boost as chipmakers rallied following strong earnings reports from Microsoft and Lam Research. Notable gains included Lam Research closing up 18%, Micron up 18%, Sandisk up 26%, Arm up 7%, AMD up 13%, and Intel up 11%.
US stocks rose on Thursday as Microsoft Corp. soared 17% after reporting the fastest cloud unit growth in four years. Strong earnings from Lam Research, Microsoft, and Arm boosted hard-hit semiconductor stocks, leading to significant gains for companies like Micron Technology and Nvidia Corp.
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