IRE is trading at $22.19 (+7.35%) following strong Micron earnings and a broad pre-market risk-on rally that has lifted leveraged equity exposure.
- The move is driven by Micron’s robust after-hours guidance, which helped stabilize AI and semiconductor sentiment after the prior session’s sharp tech-led selloff.
- Improving global sentiment has pushed Nasdaq futures up 2.19%, providing a supportive backdrop for growth stocks and broader equity markets.
- The ETF is rebounding alongside global equities as overnight sentiment shifts back toward risk assets following recent volatility.