Allegro Microsystems is trading at $48.65 (+4.94%) as a broad semiconductor rebound lifts chip stocks across the board.
- The rally is fueled by renewed AI optimism and stronger market futures, with the SOXX ETF gaining 3.69% in pre-market action.
- The upward move is currently tied to sector-wide sentiment, as no company-specific announcements were released by the firm this morning.