PSI is trading 5.2% up at $150.99 in pre-market as semiconductor names stage a sharp recovery following last week's profit-taking pressure.

  • Pre-market futures show recently battered chip stocks leading gains, with the iShares Semiconductor ETF rising 3.8%.
  • The move signals renewed risk appetite across the sector after significant selling pressure on AI-related semiconductor names.
  • PSI is currently moving in tandem with the broader industry recovery rather than on company-specific news.