🟢 Advanced Energy is trading 4.3% up in pre-market as AI optimism lifts chip shares

Advanced Energy is trading at $230.68, up +4.32% in pre-market, following Monday’s semiconductor rebound and an overnight rally in Asian chip shares amid renewed AI optimism.

• A supplied market report described Monday’s move as sector-led, with SOXX up 2.9%.
• Bloomberg reported Asian chip stocks rallied alongside AI optimism after Anthropic filed for an IPO.
• No fresh company-specific catalyst was identified. Third-quarter results are scheduled after the close on November 2.