On July 30, iShares Semiconductor ETF rose 5.05% in pre-market trading, trading at $488.47/share, with turnover of $194 million. The rebound follows a steep selloff that saw the Philadelphia Semiconductor Index decline approximately 25% from its June 22 high, entering a technical bear market.

On the news front, a Yole Group report released in July projects the global optical module market will surge from $23 billion in 2025 to $112 billion by 2031, with AI computing infrastructure contributing over 90% of revenue at a compound annual growth rate of approximately 30%. The optical chip market specifically is expected to grow from $4 billion to $15 billion over the same period, with indium phosphide lasers capturing nearly half of the market share. This structural demand shift toward AI-related semiconductor capacity appears to have triggered renewed buying interest after days of panic-driven liquidation across global chip stocks.

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