Intel is trading 4.9% up at $101.83 in pre-market, rebounding from a sharp recent semiconductor selloff as investors show renewed optimism for AI and bargain-hunt across the sector.
- The move comes ahead of the company's July 23 earnings report, with investors positioning for Big Tech and AI-related results.
- Chip indices and futures are trending higher, signaling a broad sector rally following a period of significant volatility.