U.S. chip stocks staged a sharp premarket rebound on Friday after tumbling a day earlier amid a massive sell-off in AI-related stocks. Democrats’ victory in the midterm elections earlier this week further heightened market anxiety.
iShares Semiconductor ETF $SOXX.ETF rose nearly 5% premarket, while Nasdaq 100 Index $QQQ futures gained 1.3%. On Thursday, the index recorded its steepest one-day drop since April 2025.
iShares Semiconductor ETF $SOXX.ETF rose nearly 5% premarket, while Nasdaq 100 Index $QQQ futures gained 1.3%. On Thursday, the index recorded its steepest one-day drop since April 2025.
