🟢 Microchip Technology is trading 4.0% up today amid a broad semiconductor rally

Microchip Technology is trading at $78.25 (+4.03%) in pre-market, moving higher alongside a broad rally across the semiconductor sector.

• The SOXX semiconductor ETF has climbed 3.10%, with pre-market gains led by industry peers including Applied Materials, Lam Research, Corning, Western Digital, and KLA.
• The sector is benefiting from a broader risk-on sentiment and investor positioning ahead of AMD’s earnings report scheduled for later today.