Wahed FTSE USA Shariah ETF is trading 4.7% up today, driven by a sharp rally in its information technology holdings following NVIDIA’s RTX Spark superchip launch and rising demand for AI PC infrastructure.
- The IT sector accounts for approximately 49.5% of the fund, making the ETF highly sensitive to gains in semiconductor and hardware names.
- The move appears specific to the tech and AI sectors as broader market futures remain mixed ahead of key Services PMI data and major AI-chip earnings reports.