QQQ - Wall Street Breakfast: Some Good News For Chipmakers
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Stronger-than-expected earnings from Micron Technologies (MU) helped boost investing sentiment overnight as the semiconducter maker stuck to its forecast of a second half rebound in the memory chip market and resumed shipments to Huawei, sending shares up 10% premarket. Qualcomm (QCOM) and Intel (INTC) have also started shipping some components to the blacklisted Chinese tech giant after its lawyers studied export restrictions. Even when businesses