MGK is trading 1.6% up today as large-cap growth and the information technology sector rebound in pre-market trading following several down days.
- Futures show the Nasdaq-100 leading gains, reflecting a renewed risk appetite for AI and high-growth technology stocks.
- Investor sentiment has improved as geopolitical tensions with Iran ease, shifting focus back toward AI-driven earnings and long-term growth prospects.
- The recovery comes despite a recent warning from the Bank for International Settlements (BIS) regarding systemic risks associated with aggressive AI infrastructure spending.