AIQ is trading at $59.80, up 1.55%, as chip and AI stocks rally on fresh CHIPS Act funding and cooling inflation.
- The U.S. government is reportedly taking minority stakes in seven semiconductor firms, providing a significant catalyst for the sector.
- Strong recent earnings from mega-cap AI companies and cooling inflation data continue to bolster investor risk sentiment.
- The ETF's upward movement is broadly in line with gains across the Nasdaq and other major market indexes.