Tech ETF (CHAT) is trading at $90.07 (+1.5%) as AI-related stocks catch a bid following news that the AI safety order has been canceled, significantly reducing near-term regulatory overhang.
- The broader information technology complex is firming up, supported by improved risk sentiment and a decline in Treasury yields.
- Growth-sensitive tech exposures are benefiting from broader market strength and positive sector rotation in the absence of major U.S. economic data releases.
- The policy shift regarding AI regulation is acting as a primary catalyst for the move, providing a clearer path for AI-related names.