SOXQ is trading at $101.03, up 1.64%, as Micron’s record results and above-expectations fiscal Q1 2027 outlook lifted semiconductor sentiment.
- Micron forecast $61.5 billion in quarterly revenue and $38.15 adjusted EPS.
- Inflation and rate concerns partly offset the tailwind: manufacturing prices paid rose to 77.9, and the 10-year Treasury yield was reported around 5.32%. Broader markets were mixed, leaving chip-specific optimism as the clearer positive driver.