Chipmaker stocks jump as U.S. recession worries ease
** Shares of U.S. chipmakers jump, tracking a broader market rally as U.S. economic growth worries ease
** Philadelphia Semiconductor Index .SOX gains 4.6% to over two-week high, with all components gaining
** Wall Street jumps after stronger-than-expected U.S. retail sales data soothes recession worries .N
** Shares of AI chipmaker heavyweight Nvidia NVDA.O jump 3.5%, report says SoftBank drops plans of producing chip with Intel INTC.O to compete with Nvidia
** Wolfspeed Inc WOLF.N up ~16%, the biggest chip index gainer; Morgan Stanley cuts PT to $15 to $23
** Networking chipmakers Broadcom AVGO.O and Marvel Technology MRVL.O up 4.9% and 8.5%, respectively; smartphone chipmaker Qualcomm QCOM.O adds 3.8%
** Advanced Micro Devices AMD.O and Intel INTC.O, that make chips for personal computers, servers and AI chips climb 4.5% and 5%, respectively
** U.S.-listed shares of contract chipmaker Taiwan Semiconductor Manufacturing TSM.N up 2.4%
** Memory chipmaker Micron Technology MU.O gains 6.6%, hedge funds Soros Fund Management and Third Point both report share stakes in co
** Shares of Applied Materials AMAT.O up 4.8% ahead of results after the bell
** The iShares Semiconductor ETF SOXX.O and VanEck Semiconductor ETF SMH.O both rise over 4%
** Chip stocks biggest boost to S&P 500 .SPX
** The Philadelphia Semiconductor Index .SOX has jumped 23.5% year-to-date versus the S&P 500's 16% rise
Reporting by Lisa Mattackal
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