CHIP.SW is trading up 5.78% at $133.70, rebounding sharply as global semiconductor benchmarks rally following recent sector volatility and rotation away from AI data-center stocks.
- Gains are driven by renewed optimism around AI hardware, bolstered by Micron’s large U.S. investment plan and news of Meta’s Iris chip.
- The rally mirrors a broader recovery in the PHLX Semiconductor Index, which gained over 3% on July 9, 2026, as investors returned to the semiconductor sector.