NEW YORK, June 24, 2026 – In a dramatic reversal of this week’s tech selloff, semiconductor stocks surged in after-hours trading Thursday, led by Micron Technology and Qualcomm. The rally added more than $400 billion in market value to the chip sector, according to Reuters data, and helped lift the Invesco QQQ Trust (QQQ) by 2.03% in extended trading. The SPDR S&P 500 ETF (SPY) rose 0.58%, while the SPDR Dow Jones Industrial Average ETF (DIA) edged up 0.11%.
Micron and Qualcomm Surge After Hours, Sparking $400 Billion Chip Rally
Micron (MU) soared 16% after hours on $100 billion in customer commitments; Qualcomm (QCOM) jumped 13% on a $15 billion data-center target, fueling a $400 billion chip rally.
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