Chip stocks surge 10% as investors hedge against potential downturns.

Micron surged 10% on Monday after losing 13% on Friday. Marvell jumped 9% on news of its addition to the S&P 500. The semiconductor sector bounced back from its worst single-day rout since 2020, when the Philadelphia Semiconductor Index fell roughly 10.3% and erased over $1.3 trillion in market valu

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