Shares of Seagate, Western Digital, FormFactor, Amkor, and Teradyne surged in morning trading as dip buyers returned to the semiconductor sector following a steep selloff the previous week. Seagate jumped 10.6%, Western Digital rose 13%, FormFactor gained 5.9%, Amkor added 6.1%, and Teradyne climbed 12.1%. The rally was fueled by renewed confidence in the long-term artificial intelligence investment cycle, despite recent concerns over elevated valuations and the sustainability of massive AI infrastructure spending. Positive momentum from Asian markets, where TSMC and MediaTek gained 3.2% and 9.9% respectively, carried into U.S. trading, with semiconductor gauges surging over 4%. A strong start to the corporate earnings season, with most early reporters beating Wall Street estimates, provided additional support.
Taiwan Semiconductor Manufacturing Co. Ltd.
MediaTek Inc
Amkor Technology Inc
ASML Holding N.V.
FormFactor Inc
Teradyne Inc
Seagate Technology PLC
Western Digital Corporation