Global X Artificial Intelligence & Technology ETF is trading 3.3% up today as Nasdaq futures and the broader tech complex bounce back following a sharp selloff tied to hawkish Fed repricing.
- The recovery follows a roughly 8% drop on Friday, which was triggered by a stronger-than-expected May jobs report and earlier weakness in AI semiconductor leaders.
- Investors are selectively buying the dip in high-beta growth exposures, signaling a relief rally in information technology and AI chip names rather than fund-specific news.
- The upward momentum reflects a stabilization in the tech sector as the market absorbs the recent interest rate-related shock.