🟢 MACOM is trading 16.8% up today as shares rebound from a semiconductor sector sell-off

MACOM is trading 16.8% up at $291.01 in pre-market, sharply rebounding after a broader semiconductor sector sell-off driven by fears of increased Chinese competition.

• The stock is attracting significant dip-buying and recovery interest following yesterday's decline, which had weighed heavily on the sector on July 28.
• MACOM's sharp gain stands in contrast to the broader market sentiment, as the iShares Semiconductor ETF (SOXX) remains down in pre-market trading.