SOXX is trading at $540.97 (+1.94%) as semiconductor shares rebound after August 5, 2026 profit-taking and a sharp technology selloff tied to AI-spending concerns.
- Advance is selective: Western Digital and SanDisk fell sharply after earnings despite strong forecasts; Micron, AMD, Marvell, and Intel also faced pressure.
- Stronger Nasdaq sentiment and Nvidia procurement signals offset memory-sector weakness. Positioning and intraday rotation, rather than a new Fed decision, primarily drove the move; August 6 releases included jobless claims and productivity data, amid Middle East peace-deal developments.