🟢 Semiconductor ETF (SOXX) is trading 2.55% up today after AMD upgraded to Strong Buy

SOXX is trading 2.55% up today after Raymond James upgraded AMD to Strong Buy.

• SOXX is rebounding after the August 24 semiconductor selloff.
• Raymond James raised AMD’s target to $641 from $565; AMD gained about 2.5% premarket.
• NVIDIA earnings are due after August 26 close, encouraging positioning and volatility despite valuation concerns. The sector-led move reflects focus on AI-server demand and NVIDIA’s forthcoming outlook, while major U.S. indexes posted smaller gains.