STMicroelectronics is trading 28.8% up at $79.94 following a sharp after-hours rebound from a week of heavy semiconductor selling and valuation concerns.
- The recovery follows a significant slide triggered by global AI-spending worries and broader sector weakness earlier in the week.
- Traders appear to be viewing the recent pullback as overdone, repositioning ahead of the company’s Q2 earnings report scheduled for later in July.