🟢 PSI is trading 1.8% up today as semiconductor stocks rebound from CHIPS Act funding concerns

PSI is trading 1.8% up today at $138.90 as semiconductor stocks rebound from last week’s CHIPS Act funding scare.

• The ETF is recovering after sharp losses triggered by new U.S. CHIPS Act terms and minority equity stakes, which previously raised concerns regarding government involvement and long-term valuations.
• Broader market strength and easing sector-wide worries are providing tailwinds for the price recovery.