Tower Semiconductor is trading at $221.99 (up 5.1%) in after-hours trading as the stock extends a sharp rebound driven by sector-wide momentum in semiconductor names.
- The move follows a strong regular session where shares gained over 11% amid investor rotation back into chip stocks following upbeat tech and AI-related earnings.
- Broader market indices and the SOXX ETF are also trending higher, suggesting the advance is linked to industry-wide sentiment rather than company-specific news.