FTEC is trading 2.1% higher as NVIDIA’s August 26 results renewed confidence in the artificial-intelligence investment cycle.
- NVIDIA reported $96.22 billion in revenue and guided approximately $108 billion for the following quarter, exceeding expectations; shares rose sharply premarket.
- Nasdaq-100 futures gained roughly 1%, while the Dow fell; Jackson Hole and upcoming inflation data remain secondary risks.
- The move aligns with FTEC’s nearly all-information-technology exposure and dominant semiconductor holdings.