Intel is trading 7% up at $89.11 as semiconductor stocks stage a strong rebound following a multi-day selloff.
- The sector-wide move is highlighted by a 5% gain in the SOXX index, fueled by robust earnings results from peers like Lam Research.
- The rally is helping major industry names including NVIDIA, TSMC, and AMD recover from recent volatility driven by AI sentiment and macroeconomic concerns.