🟢 CHIP.SW is trading 5.1% up today as semiconductor stocks rebound following Microsoft results and eased AI spending concerns

CHIP.SW is trading 5.1% up today as the semiconductor complex rebounds following Microsoft’s earnings, which eased investor concerns regarding AI capital expenditure.

• The move aligns with a broader recovery in the technology sector, with the Nasdaq rising sharply as investors rotate back into AI and chip names after the previous session's selloff.
• The ETF is recovering from Wednesday’s rout, which was triggered by weakness in SK Hynix, geopolitical tensions, and heavy AI spending worries.