🟢 Tower Semiconductor is trading 11.6% up today as chip stocks rebound from multi-day selloff

Tower Semiconductor is trading 11.6% up at $209.92 as investors rotate back into chip names following a sharp multi-day selloff.

• The move tracks a strong semiconductor sector rally, with the SOXX ETF up over 5%.
• Major peers are rebounding on the back of upbeat earnings from leading equipment makers and recovering AI-related sentiment.