LSMC.DE is trading up 3.6% at €102.80 as the semiconductor sector rebounds from a sharp selloff tied to AI spending concerns and interest rate volatility.
- The move is driven by a broader technology rally sparked by strong Microsoft earnings and cooler U.S. inflation data, which has lifted the Nasdaq.
- Market sentiment has improved regarding AI infrastructure profitability, easing fears that previously weighed on the sector following Meta's capital expenditure shock.