🟢 PSI is trading 3.8% up today as chip stocks rebound on lower Treasury yields

PSI is trading at $129.25, up 3.82%, as semiconductor stocks rebound after a steep recent selloff.

• Overnight, Intel and AMD each rose 2.6%, while the SOXX ETF advanced 2.4%.
• Reuters attributed the chip-stock recovery to lower Treasury yields and easing crude prices supporting the battered AI trade.
• No PSI-specific announcement was identified; the Nasdaq was up 1.00% and the S&P 500 was up 0.52%.