GCT Semiconductor is trading 5.3% up at $1.99 in pre-market as semiconductor stocks rebound following a broad risk-on rally in the sector.
- The stock is extending its 8.6% gain from July 30, 2026, as the SOXX ETF climbs over 3% in pre-market trading.
- Investor sentiment has improved following strong AI-related earnings reports from major technology leaders like Microsoft.
- The price movement appears to be driven by macro sector trends rather than any new company-specific news for GCT Semiconductor.