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Intel (NASDAQ: INTC) shares are bouncing back alongside broad semiconductor peers, up approximately 4%, rallying as investors rotate back into chip stocks ahead of the company's pivotal Q2 earnings report due Thursday after the close.
Intel (NASDAQ: INTC) investors are weighing the company's expanded Google Cloud partnership for AI-powered chip design against ongoing concerns tied to its foundry turnaround.
SK Hynix (KRX: 000660) shares are advancing up approximately 4% amid a broader semiconductor sector attempting to stabilize after a punishing week-long selloff, with the Philadelphia Semiconductor Index down roughly 20% from its June peak.
ON Semiconductor (NASDAQ: ON) is trading higher, up 3%, drawing attention today after announcing a $7 billion all-stock acquisition of Synaptics.
ON Semiconductor (NASDAQ: ON) retained a Wells Fargo Overweight rating even as the firm trimmed its price target from $140 to $130.
Semtech (NASDAQ: SMTC) shares are rallying sharply, up approximately 4%, bucking a challenging backdrop for the broader semiconductor sector, which has shed roughly 20% from its June peak amid concerns over AI capex sustainability and geopolitical tensions tied to the U.S.-Iran conflict.
Semtech (NASDAQ: SMTC) has drawn meaningful institutional buying, with firms including Jennison Associates, Ameriprise, and Principal Financial all adding shares recently.
Credo Technology (NASDAQ: CRDO) surged over 7% on Monday, bucking a broader semiconductor sector recovery narrative after last week's sharp 10% Philadelphia Semiconductor Index sell-off.
IonQ (NYSE: IONQ) shares are gaining roughly 3% Monday, partially rebounding after falling 19% last week amid a broader tech and semiconductor selloff.
Rigetti Computing (NASDAQ: RGTI) gained amid a broader quantum computing sector rebound, trading near its 52-week low after a bruising stretch for AI hardware names.
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