07:05 AM EDT, 07/18/2024 (MT Newswires) -- Semiconductor stocks rebounded in recent Thursday premarket activity after closing lower on Wednesday following comments by Republican presidential nominee Donald Trump suggesting Taiwan, a key chip production hub, should pay for US defense. Reports of looming US trade curbs also weighed on the sector.

ASML Holding ( ASML ) closed 13% lower on Wednesday while Nvidia ( NVDA ) fell 7%, Advanced Micro Devices ( AMD ) declined 10%, Micron Technology ( MU ) dropped 6%, and Broadcom ( AVGO ) was lower by 8%.

All issues rose modestly early Thursday, with ASML ( ASML ) shares gaining 0.2% pre-bell, Nvidia ( NVDA ) rising 1.4%, and AMD increasing 1.2%. Micron and Broadcom ( AVGO ) inched up 0.2% and 0.1%, respectively.

Shares of Global Foundries (GFS) increased 0.6% and Intel ( INTC ) rose 0.8%, although both ended in the green Wednesday. According to a Thursday report from Reuters, both companies have US chip manufacturing operations that analysts believe could benefit amid geopolitical tension.

Price: 942.80, Change: +10.74, Percent Change: +1.15