• The stock is trading 4.9% up today at $4100, rebounding from last week's semiconductor-led downturn, which included a -9.98% drop on June 26.
  • This recovery is bolstered by Macquarie significantly raising MediaTek's target price to NT$10,000 due to a strong AI custom chip business outlook.
  • Further positive news includes MediaTek's unit, Digimoc, acquiring $29 million in preferred shares of Reed Semiconductor.
  • The broader tech sector has shown signs of recovery from recent AI valuation concerns.