FTXL is trading at $203.90 (+1.91%) as technology stocks stage a pre-market recovery driven by stronger Nasdaq futures and positive earnings sentiment.
- Nasdaq futures are trending higher as Microsoft’s robust Azure results help ease recent investor concerns regarding AI demand.
- Semiconductor sentiment is stabilizing following a significant chip sector rout in the previous session that had pressured tech-focused funds.
- The sector is benefiting from a broader recovery in growth stocks and improved risk appetite, despite persistent geopolitical tensions and higher oil prices.