On June 8, the iShares Philadelphia Semiconductor ETF rose 5.24% in pre-market trading, trading at $568.48/share, with trading volume of approximately $170 million. The sharp rebound follows last Friday's broad sell-off across the semiconductor sector.

On the news front, NVIDIA and SK Hynix announced a multi-year technology partnership to co-develop next-generation AI memory solutions, significantly boosting market confidence in the semiconductor industry's long-term outlook. Under the agreement, SK Hynix will develop dedicated memory for NVIDIA's Vera Rubin AI supercomputer, Vera CPU, RTX Spark PC, and Jetson Thor robotics computing platform, expanding into AI infrastructure, personal AI, and physical AI markets. SK Hynix will also adopt NVIDIA's CUDA-X libraries and PhysicsNeMo framework to accelerate chip simulation and lithography workflows, while leveraging NVIDIA Omniverse to build wafer fab digital twins for autonomous factory operations.

The positive industry catalyst, combined with technical rebound momentum following the prior session's sharp correction, drove broad-based sentiment recovery and capital inflows across semiconductor names.

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