SOXX is trading at $485.98 (+1.63%) as chip shares appear to rebound following last week’s AI-spending concerns and Lam Research’s cautious outlook.
- Investors are watching upcoming major technology earnings for evidence that AI investment is paying off.
- Easing oil prices and firmer U.S. futures are supporting risk appetite, although Asian chipmakers were broadly weak, leaving the sector recovery fragile.
- The broader market is also higher, so the move is not isolated to semiconductors.