New Delhi, Nov. 20 -- Shares of US chipmakers are set to hog the limelight in trade on Thursday, November 20, with the stocks of Advanced Micro Devices, Intel, Broadcom and Micron trading up to 4% higher in pre-open trade.

The common thread driving the surge is Nvidia's spectacular earnings that not only appeased some concerns around a bubble in artificial intelligence (AI) stocks but also gave a leg-up to global tech stocks.

US chipmakers Advanced Micro Devices and Intel rose about 5% and 2% respectively, while Arm Holdings, Micron Technology and Broadcom gained between 1% and 3%.

Nvidia's shares itself were up 5.5% in pre-open trade, with the stock on track to add about $243 billion to its market cap, as per Reuters calculations.

"N...