🟢 IQE.L bounces back 6.8% on AI photonics growth and data center demand
IQE plc
IQE.L is trading 6.8% up at $44.85 on robust investor focus on its AI data-center story and a technical rebound following a sharp selloff.
The company's Indium Phosphide products, crucial for data center and AI markets, are expected to drive growth from 2026 onwards, as highlighted in recent company statements.
This rebound comes despite reports of a broader market rotation out of semiconductor and momentum stocks on July 6, 2026.