🟢 MACOM is trading 4.3% up today as chip stocks rebound from last week’s AI-driven selloff

MACOM is trading 4.3% up at $278.80 as the semiconductor sector rebounds from last week’s sharp AI-driven selloff and profit-taking.

• The move appears to be driven by sector-wide bargain hunting following the recent pullback, as there is no fresh company-specific news to account for the price action.
• While recent commentary highlights strong demand for AI and data center infrastructure, some analysts have flagged valuation concerns after the industry's rapid year-to-date gains.