STMicroelectronics NV is trading 4.5% up at $73.89 in pre-market, rebounding from a sharp 9.8% drop to $70.72 on June 5.
- The move appears to be a technical bounce following Friday’s profit-taking and sector-wide chip weakness, as there is no fresh company-specific news this morning.
- Broader risk sentiment for semiconductors is improving, supported by a moderate rise in index futures with the Nasdaq-100 up approximately 0.7%.