🟢 Semtech is trading 7.7% up today as chip stocks rebound after AI-driven sell-off

Semtech is trading at $98.75, up 7.7%, as the semiconductor sector rebounds.

• Chip stocks rose in premarket trading on November 6, following Thursday’s steep sell-off.
• The semiconductor ETF was up nearly 5% before the open.
• No clear Semtech-specific announcement was identified; available reporting said chip investors were recovering some ground after the AI-driven sell-off.