Semilux shares surge 100.94% intraday amid sector rotation toward stocks expected to benefit from Fed rate cuts.

Semilux surged 100.94% during intraday trading amid speculation about the broader market's anticipation of Federal Reserve rate cuts, which typically favor tech stocks. Although no specific news directly linked to Semilux was reported, the stock's sharp rise aligns with a thematic trade in a sector highlighted by Moomoo as benefiting from a dovish monetary policy environment. The article noted that tech stocks, among others, are positioned to gain as rate cuts reduce borrowing costs and boost growth-oriented assets. While the exact catalyst remains unclear, the move suggests investor positioning in anticipation of macroeconomic shifts rather than company-specific developments.