🟢 Allegro Microsystems is trading 4.1% up in after-hours trading on semiconductor rebound ahead of Nvidia earnings

Allegro Microsystems is trading at $38.40, up +4.09%, after a broad semiconductor rebound ahead of Nvidia’s August 26 earnings release.

• Semiconductor stocks broadly rallied during the session, supporting a sector-led explanation rather than a company-specific announcement.
• The broader market finished higher: S&P 500 up 0.59% and Nasdaq up 0.68%, reinforcing positive risk sentiment.
• No confirmed Allegro-specific after-hours catalyst was identified.