🟢 Silicon Motion Technology is trading 8.3% up as chip stocks rebound after tech selloff

Silicon Motion Technology is trading at $171.11, up +8.27%, as chip stocks rebound after the previous session’s sharp technology selloff.

• Reuters attributed Friday’s broader chip recovery to stabilization following concerns about AI spending and regulation.
• Several major chipmakers gained after steep losses; no fresh company-specific catalyst was identified.
• The prior-session selloff was linked to fears tighter AI regulation could slow data-center investment.