🟢 SiTime is trading 8.45% up in pre-market as chip stocks rebound after Thursday’s technology-led selloff

SiTime is trading at $388.37, up 8.45%, as semiconductor stocks rebound after Thursday’s sharp technology-led selloff.

• Reuters reported chip stocks were gaining in pre-market as Nasdaq futures climbed; SOXX was up 4.48% pre-market.
• SiTime’s November 4 results included $298.7 million in Q3 revenue and $4.01 in non-GAAP diluted EPS.
• Available reporting does not identify a fresh company-specific catalyst for this morning’s rise.