SOXX is trading at $548.19, up 2.80%, as semiconductor shares extend their September 18 rally on reports that AMD plans roughly 10% fourth-quarter price increases for AI accelerators and GPUs.
- NVIDIA CEO Jensen Huang’s outlook calls for semiconductor sales to double next year.
- Intel is also strengthening the move after reports of an AUO Micro LED advanced-packaging partnership.
- Falling oil prices and Treasury yields are improving risk appetite for technology stocks, while optimism around U.S.-China discussions adds support.