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• The stock had fallen roughly 36% year-to-date and touched a fresh 52-week low of $106.37.
• Semtech Corporation (NASDAQ: SMTC) dropped nearly 8% on more than three times its average trading volume.
• The rally coincided with a broad rotation into healthcare as investors reduced exposure to AI and semiconductor stocks.
• Shares traded on almost five times their average daily volume, signaling strong institutional interest.
• NIQ Global Intelligence (NYSE: NIQ) climbed more than 8% and extended gains in after-hours trading.
• The rebound followed a prolonged selloff that had left shares down roughly 39% year-to-date.
• The 10-year U.S. Treasury yield dropped below 4.5%, supporting a broad rebound in technology stocks.
• International Business Machines (NYSE: IBM) unveiled the world's first 0.7-nanometer "3D nanostack" transistor architecture.
• Adobe (NASDAQ: ADBE) rose nearly 5%, outperforming both the Technology Select Sector SPDR Fund (XLK) and the broader market.
• Investors bought the dip following a profit-taking-driven decline in the previous session.
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