Semiconductor shares rose in Thursday Trading. AMD rose 5%; ON Semiconductor, SOXL rose 3%; NXP Semiconductors rose 2%; Intel, Texas Instruments, Lam Research, ASML rose 1%.

Advanced Micro Devices was upgraded to Buy from Hold by HSBC due in part to the pricing premium for the semiconductor company's new MI350 series versus competing offerings.

The bank also doubled its price target to a hefty $200 from $100.