SOXX is trading 5.6% up today as semiconductor stocks rebound sharply from a multi-day rout triggered by AI valuation concerns.
- Micron Technology’s strong earnings beat and robust guidance have sparked a relief rally across AI-exposed chipmakers, easing recent market anxiety.
- Qualcomm shares are climbing significantly following news regarding its data-center CPUs, providing additional momentum to the information technology sector.
- The recovery marks a shift in sentiment after a period of heavy selling in the broader tech space ahead of key earnings reports.