🟢 Semiconductor ETF (SOXL) is trading 4.86% up as investors cautiously buy after Thursday’s chip selloff

SOXL is trading at $86.10, up +4.86%, as chip stocks rebound after Thursday’s sharp selloff.

• Chip trading was mixed early, with some memory names higher as investors tentatively bought after the selloff.
• The Philadelphia Semiconductor Index had fallen 6.7%.
• Lam Research’s cautious outlook and concerns about AI-spending returns weighed on chips; higher oil prices and geopolitical tensions kept broader sentiment cautious. No distinct positive catalyst was identified.