Silicon Motion Technology is trading 5.4% up at $265.21 as investors re-embrace semiconductor names tied to AI storage demand following a sharp selloff in late July and early August.
- The company recently reported Q2 2026 revenue of $451 million, up 127% year-over-year, with an EPS of $2.43 beating analyst estimates.
- Bullish sentiment is being reinforced as the company showcases new AI-focused storage solutions at FMS 2026, highlighting growth in its enterprise and AI controller segments.