🟢 Semtech is trading 4.1% up today on a broad semiconductor rally

Semtech is trading 4.1% up today at $119.37 as it tracks a broad semiconductor rally fueled by strong big-tech and chip earnings.

• The move extends a sharp rebound for the stock following a steep selloff earlier in the week.
• Sector-wide strength is evident in the iShares Semiconductor ETF (SOXX), which is up over 5%.
• There are no fresh, company-specific catalysts reported to be driving the price action today.