The semiconductor sector is experiencing a significant pre-market rally, with the SOXX ETF climbing over 3%. This surge follows a recent period of underperformance, driven by investor anxiety about a potential peak in artificial intelligence infrastructure spending. The rebound appears to be fueled by strong earnings reports from key technology players like Microsoft, which has helped restore confidence in the sustained growth of the AI sector. This positive sentiment has led to a broad-based recovery in chip stocks, not only in the U.S. but also in Asian markets.