SOXX is trading at $486.57, up 1.75%, as chip shares attempt a rebound after last week’s AI-spending concerns and Lam Research’s cautious outlook weighed on the sector.
- Asian chipmakers were broadly lower earlier Monday, keeping the recovery fragile.
- U.S. futures rose and oil eased from last week’s highs, offering broader support as investors awaited major technology earnings and the Federal Reserve decision later this week.
- The move appears to reflect a sector rebound with help from improved market sentiment, not a confirmed single-company catalyst.