The iShares Semiconductor ETF (SOXX) surged 5.01% during intraday trading on Tuesday, significantly outperforming the broader market. The move reflects a strong rally across the semiconductor sector in pre-market activity.

The rally was fueled by broad-based gains in major chip stocks during the pre-market session. Reports indicated that chip stocks gained broadly, with several key players posting significant advances ahead of the market open, contributing to the strong performance of semiconductor ETFs.

Additionally, positive sector sentiment was bolstered by policy announcements supporting the semiconductor and computing power industry. The release of Shenzhen's "15th Five-Year Plan" outline, which proposes coordinated efforts to advance the research, development, and manufacturing of AI computing chips and aims to build a robust domestic computing power ecosystem, provided a favorable backdrop for the sector.