🟢 Everspin Technologies is trading 5.9% up today on defense deal momentum and semiconductor sector strength

Everspin Technologies is trading at $15.28 (+5.88%) in pre-market following continued momentum from a $40 million U.S. defense subcontract and broader semiconductor sector gains.

• Shares are extending their rally as investors react to the company's significant defense deal involving its MRAM technology.
• A broader rebound in the semiconductor sector is providing a tailwind, with the SOXX up 3.69% in pre-market trading.
• The sector-wide strength is particularly supporting smaller-cap chip names like Everspin as market sentiment improves.