Nvidia NASDAQ:NVDA, Intel NASDAQ:INTC, Advanced Micro Devices NASDAQ:AMD, Micron Technology NASDAQ:MU and SanDisk (SNDK) moved higher in premarket trading Tuesday, recovering part of the prior session's losses despite renewed military activity between the United States and Iran.
Nvidia gained nearly 1%, while Intel and AMD each advanced more than 2%. Micron climbed over 4%, and SanDisk added about 2% as investors returned to semiconductor names following Monday's broad selloff.
The recovery extended to sector-focused funds. The iShares Semiconductor ETF (SOXX) rose about 1.8% in premarket action, while the Roundhill Memory ETF (DRAM) gained roughly 3%. Chip stocks were also supported by a positive session in South Korea, where the Kospi index finished 0.8% higher.
The gains came as geopolitical uncertainty remained elevated. The United States carried out strikes on Iran early Tuesday after President Donald Trump said Washington would reinstate a blockade in the Strait of Hormuz. Iran later launched attacks involving regional targets and vessels moving through the strategic waterway.
Despite the developments, chip stocks appeared to stabilize as investors weighed geopolitical risks against ongoing demand trends across the semiconductor industry.