AVGY.TO is trading at CA$13.87 (+5.48%) as semiconductor shares recover from Thursday’s sharp selloff.
- Broadcom and other chipmakers were higher in premarket trading as investors appeared to buy back into the sector after concerns about tighter AI and data-center regulation drove steep losses.
- A strong U.S. jobs report lifted Treasury yields and increased rate-hike expectations, a headwind for growth stocks. The rebound does not show that regulatory concerns have gone away.