Philadelphia Semiconductor Index Rises 3.05% Midday

The Philadelphia Semiconductor Index reached a midday high of 11,588.66, up 3.05%, according to a report. Major semiconductor stocks led the rise, with Intel ($INTC) climbing 4.62% for the largest gain, followed by Micron ($MU) at 3.90%, AMD ($AMD) at 3.91%, Broadcom ($AVGO) at 2.01%, NVIDIA ($NVDA) at 1.82%, Qualcomm ($QCOM) at 2.86%, TSMC ($TSM) at 1.64%, and ASML ($ASML) at 2.03%.