Advanced Micro Devices Inc.’s stock bounced sharply in morning trade Monday, enough to make it the second-biggest gainer in the S&P 500 , amid a broad rally in the semiconductor sector. The stock jumped 2.2%, after dropping 2.6% over the past two sessions, while the PHLX Semiconductor Index gained 0.5% in morning trade. Shares of fellow chip maker Nvidia Corp. was the third-biggest S&P 500 gainer, rising 2.1%. Among other chip makers, shares of Intel Corp. and Applied Materials Inc. both rose about 0.1% and Texas Instruments Inc.’s stock tacked on 0.6%. The S&P 500’s biggest gainer was Michael Kors Holdings Ltd.’s stock , which rallied 2.8% after closing Friday at a 5-year low.
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