SOXX is trading 3.7% up in pre-market as investors rotate back into semiconductor names following recent sector selloffs.
- The rebound is driven by renewed optimism regarding long-term AI chip demand and fresh bullish analyst action across key memory and AI infrastructure stocks.
- Improving geopolitical sentiment and firmer Nasdaq futures are providing a supportive macro backdrop for the sector's recovery.
- Significant bargain hunting is occurring as traders capitalize on lower valuations after the recent period of intense sector volatility.