SMTC is trading 5.3% up at $166.87 as semiconductors rebound alongside AI-focused chip names after Micron’s strong earnings revived sentiment across the sector.
- The move follows broader chip and AI enthusiasm, with the stock extending gains from pre-market levels.
- There is no fresh, company-specific news or filings for Semtech this morning to account for the move.
- Shares are currently trading near the upper end of their recent range.