SKHX is trading 3.8% up at $9.93 as it stages a technical rebound following a sharp multi-day slide tied to global semiconductor weakness and cautious AI memory sentiment.
- The move follows heavy selling on July 27–28 during a broader chip sector rout, appearing to be a price correction rather than a response to new company-specific catalysts.
- Overall U.S. markets are trading mixed and cautious as investors look ahead to the Federal Reserve's upcoming FOMC statement.