3 Semiconductor Stocks Soaring Amid Trade Tailwinds

With the "framework" for a U.S.-China trade deal now reportedly established, the VanEck Semiconductor exchange-traded fund (ETF) (SMH) is up 2% and at a record high of $358.21, on the prospect of avoiding the new 100% tariff on China exports. U.S.-based chipmakers Advanced Micro Devices Inc (NASDAQ:AMD), Broadcom Inc (NASDAQ:AVGO) and Micron Technology Inc (NASDAQ:MU) are all making similar moves today. AMD is up 1.1% to trade at $255.75, nabbing a record high of $258.66 out of the gate. The shares are now ...