🟢 Semtech is trading 4.5% up today as chip stocks rebound

Semtech is trading at $131.56 (4.5% up) in pre-market sessions, extending Monday’s rebound as the broader semiconductor sector recovers from last week's volatility.

• The move is part of a sector-wide rally following an AI-driven rout, with chip stocks climbing sharply on renewed optimism.
• The price action is driven by broad market bargain-hunting rather than any new, company-specific news for Semtech.