The long-stalled chip stock trade is showing signs of breaking out again, according to the charts

The White House has credited the CHIPS Act for spurring hundreds of billions of dollars of investments as well as hundreds of thousands of jobs.

The major averages resumed their sell-off on Thursday, with the Nasdaq Composite slumping into correction territory.

Samsung is waiting for Nvidia to approve use of its high-bandwidth memory, which analysts say is key to improving the tech giant’s profitability.