Semiconductor Stocks Rally on Monday, Led by Intel, Arm, Broadcom Up Over 3%

According to CNBC's Jim Cramer on Monday (July 7), semiconductor stocks staged a comeback following last week's sharp sell-off, with Intel, Arm, and Broadcom all gaining over 3%. Cramer attributed the rebound to a "revenge trade," suggesting investors were returning to the semiconductor group after heavy losses. Broadcom's advance was bolstered by news that the chipmaker extended its partnership with Apple through 2031 to develop and supply custom chips, marking a significant long-term win for the company.
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