🟢 CHIP.SW is trading 4.6% up today on strong tech earnings and cooling inflation

CHIP.SW is trading up 4.6% at $117.70 as semiconductor stocks rebound sharply following strong earnings reports from Microsoft and Amazon.

• The rally is supported by cooling U.S. PCE inflation data, which has eased market concerns regarding interest rates and improved the outlook for growth stocks.
• Renewed optimism surrounding AI-related capital spending is lifting the broader semiconductor complex after several consecutive days of downward pressure.