SOXX is trading 1.9% up today as the semiconductor sector rebounds from a sharp July selloff driven by AI-spending, valuation, and geopolitical concerns.
- Investors are bottom-fishing the sector amid improving sentiment around AI infrastructure demand and trade outlooks.
- Chip stocks are leading gains in the pre-market, helping drive a broader recovery in tech stocks and futures.
- The bounce follows a period of significant volatility earlier in the month triggered by skepticism over AI infrastructure returns.