SOXX is trading at $547.00, up 2.72% from the August 6 close in pre-market trading after Microchip Technology issued an above-consensus quarterly revenue and earnings forecast.
- The forecast lifted semiconductor peers including Marvell and Micron.
- A weaker-than-expected July employment report reduced expectations for tighter monetary policy, boosting rate-sensitive technology shares; Nasdaq futures led broader U.S. gains.