Invesco PHLX Semiconductor ETF is trading 5.2% up today as semiconductor and broader information technology shares stabilize following a sharp selloff driven by interest rate concerns and recent employment data.
- Investors are bargain-hunting core AI chip leaders including Nvidia, Broadcom, AMD, and Micron, providing significant upward momentum for the PHLX Semiconductor Index.
- The rebound follows a steep decline on June 5, 2026, triggered by a stronger-than-expected U.S. May jobs report that pushed Treasury yields higher and pressured high-growth technology stocks.