FTXL is trading 3.9% up as the information technology sector rebounds from a recent AI-driven semiconductor selloff.
- Stronger-than-expected earnings and guidance from key AI-related chipmakers such as Micron Technology and Qualcomm have significantly improved sentiment toward semiconductors and the broader tech sector.
- Equity futures are trending higher ahead of U.S. GDP and durable goods data, supporting a risk-on tone for growth and technology shares.