AMD, Skyworks, and Micron Bounced Back Today.

$Advanced Micro Devices(AMD.US)$ $Skyworks Solutions(SWKS.US)$ $Micron Technology(MU.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF(SOXL.US)$ Both AMD and Skyworks will report their latest quarterly results next week. For them, Qualcomm's business update served as a preview of what to expect.

Micron is a different story, due to the company's offbeat fiscal schedule. The memory expert reported second-quarter results substantially ahead of analyst expectations at the end of March and won't publish another report until the tail end of June or early July. Still, Qualcomm's take on the semiconductor sector is highly relevant to Micron's business prospects, especially where the two companies have overlapping interests in the data center and mobile industries.