Skyworks Solutions Inc is trading 5.8% up at $77.87 as semiconductor and growth stocks rebound alongside a stronger Nasdaq following last week’s Fed- and handset-demand-driven selloff.
- The move appears driven by sector-wide relief and renewed risk appetite rather than fresh, company-specific news.
- Investors are buying back into recently pressured smartphone-exposed chip names after a period of significant selling pressure.
- The recovery comes as the broader tech sector gains momentum, reversing some of the losses sustained during the previous week's volatility.