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Semiconductor stocks surge again two days after $1 trillion market cap wipeout, Lam Research up 20 percent

Semiconductor stocks rebounded sharply on July 30 as strong results and demand outlook from Microsoft and Lam Research revived investor sentiment and spread buying across the sector. Lam Research jumped 20 percent, its biggest daily rise since 1999, while Microsoft gained 15 percent. Memory-related shares also rose after Samsung Electronics warned a memory supply shortage could last until 2028. Chip ETFs and major names including AMD, Intel and Nvidia advanced.