🟢 SOXX is trading 1.97% up today after strong Microsoft and Lam Research earnings ease AI spending concerns

SOXX is trading at $514.45 (+1.97%) as strong earnings from Microsoft and Lam Research ease worries that AI-related capital spending is slowing.

• The move is broad-based across chipmakers and follows a sharp sector selloff earlier in the week.
• Broader markets are mixed, but the Nasdaq’s tech strength and improving sentiment around AI infrastructure spending are supporting semiconductors more than the rest of the market.