CHPX is trading 1.9% up now at $89.20, rebounding as investors reassess initial concerns regarding reports of potential U.S. government equity stakes in major chipmakers under the CHIPS Act.
- Initial dilution and governance fears are being offset by broader strength across the semiconductor and AI complex, helping the instrument recover from an earlier intraday drop.
- Market participants appear to be looking past headlines suggesting the government could take minority stakes in companies receiving federal funding.