PSI is trading at $128.73 (2.01% up) as the semiconductor sector rebounds, driven by strong AI-server demand and positive sentiment following gains in South Korean chip stocks.
- The move follows significant premarket activity in semiconductor peers after Super Micro’s guidance and AMD’s preliminary revenue update.
- Market focus remains on the sector with key earnings from Texas Instruments and Lam Research scheduled for release after the U.S. close on October 21.