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Analysis: Semiconductors Surge, Vehicle Manufacturers Thrive Market Movements: A Tale of Two Sectors

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As the trading day unfolded on Thursday, the semiconductor sector emerged as a beacon of strength, with shares rallying by approximately 3.4%. The sector was spearheaded by standout performances from Micron Technology, soaring by a remarkable 15.6%, and Broadcom, posting an impressive 8.8% surge.

Meanwhile, not to be outdone, shares of vehicle manufacturers also showed resilience, marking a collective uptick of around 2.5% on the day. Canoo commanded attention with a staggering 32.9% surge, closely followed by Gogoro, posting a commendable 9% increase during Thursday’s trading.

Thursday Sector Leaders: Semiconductors, Vehicle ManufacturersVIDEO: Thursday Sector Leaders: Semiconductors, Vehicle Manufacturers

The musings and perspectives articulated herein emanate solely from the author’s standpoint and do not necessarily mirror those of Nasdaq, Inc.

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