GARY is trading 2.03% up in pre-market as technology futures rebound following a sharp, AI-driven global sell-off.
- The recovery follows a 2.1% drop in the Nasdaq on July 17, which was triggered by investor concerns regarding heavy capital expenditure on AI infrastructure.
- With nearly half of its exposure in information technology, the ETF is benefiting from a tentative stabilization in risk appetite toward growth and IT names.
- Positive momentum in S&P 500 and Nasdaq futures suggests a broader market shift after the recent rout in semiconductor and semiconductor-related stocks.