Shares of Semtech Corp. jumped nearly 13% in their latest session, bouncing back as a broad rally lifted semiconductor stocks after weeks of heavy selling.

Semtech shares rose $11.67, or 12.75%, to close at $103.21. The gain lifted its market value to about $9.6 billion.

The rally began at the open. The stock had previously closed at $91.54 but opened at $101.86 on Friday.

The move appeared driven by the broader sector. AlphaStreet reported coordinated buying across chip peers including SiTime, IonQ and Lattice Semiconductor, suggesting sector-wide momentum rather than company-specific........

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