🟢 IPG Photonics is trading 5.5% up today as chip stocks rebound

IPG Photonics is trading 5.5% up at $89.61 in pre-market, extending a sharp rebound from July 30 amid a broad semiconductor rally.

• The move follows a surge in chip indices, with the SOXX up over 3% pre-market as tech futures rise.
• Strong mega-cap earnings have helped ease investor concerns regarding a potential peak in AI infrastructure spending.