SOXX is trading at $521.58, up 2.06%, as record SK Hynix quarterly earnings and strong AI-memory demand lifted semiconductor sentiment.
- The Philadelphia Semiconductor Index jumped 3.6% overnight, adding to the global chip rally.
- SK Hynix also announced a major shareholder-return program.
- Investors were also watching the Fed decision and Microsoft and Alphabet earnings for rate and AI-spending signals.