- The Philadelphia Semiconductor Index is up 1.1% compared to the tech sector's (NYSEARCA:XLK) 0.4% gain, +0.5% for the Nasdaq, and +0.3% for the S&P 500.
- Semis move following Apple's fall launch event yesterday, which featured the expected incremental iPhone updates but pleased analysts with the lower-than-expected Apple TV+ pricing.
- Micron is still gaining after this morning's Longbow upgrade on improving memory trends.
- Earlier today, China exempted some U.S. goods from its retaliatory tariffs ahead of a planned meeting between the countries, which boosted optimism for China-exposed sectors.
- Top semi movers: Inphi (IPHI +3.3%), Marvell (MRVL +3%), Skyworks (SWKS +3.1%), Silicon Labs (SLAB +2.5%), MKS Instruments (MKSI +1.7%).
- Related semi ETFs: SOXL, SMH, SOXX, USD, SOXS, XSD, PSI, FTXL, SSG, XTH