🟢 ASX is trading 4.7% up today as investors rotate back into AI winners after consolidation

ASX is trading at $45.00 (+4.7%) in pre-market, rebounding after a 4% drop on July 1 driven by profit-taking following a sharp late-June AI chip packaging rally.

• Investors are rotating back into prior AI winners as they reassess recent sector weakness seen in Asian chipmakers.
• The move comes as semiconductors and AI remain in focus following a period of market consolidation.