Chip stocks were mixed on Monday after the CES 2026 kicked off in Las Vegas with the industry’s key names set to grace the event.
Shares of Qualcomm (QCOM) rose about 2% after the company introduced robotics technologies that integrate hardware, software, and compound AI. The chipmaker also unveiled its new Snapdragon X2 Plus platform aimed at creators, and an expansion of its partnership with Alphabet’s (GOOG) (GOOGL) Google.
Nvidia’s (NVDA) stock dipped about 1% ahead of a keynote address by Founder and CEO Jensen Huang at CES. Advanced Micro Devices’ (AMD) Lisa Su is also slated to give a keynote address later today.
AMD’s stock fell about 1%, while Broadcom’s (AVGO) declined nearly 2%.
Shares of Micron and Marvell Technology (MRVL), Taiwan Semiconductor Manufacturing (TSM), GlobalFoundries (GFS), and Texas Instruments (TXN) each climbed about 1%, while Analog Devices (ADI) jumped around 2%. Lattice Semiconductor (LSCC) was also in the green. Intel (INTC) was largely flat but in the red.
Chip equipment makers: KLA (KLAC) soared about 7%, while Lam Research (LRCX) and Applied Materials (AMAT) each surged nearly 6%. ASML (ASML) jumped around 5%.