QQQI is trading 1.7% up today as its information technology-heavy portfolio benefits from a rebound in tech sentiment following strong AI-related earnings from key semiconductor and chipmakers.
- Upbeat outlooks from Micron and Qualcomm regarding AI and data-center demand are helping reverse a recent sector selloff.
- The move in technology is significantly more pronounced than the modest gains seen in broader U.S. equity indices.
- The sector recovery is providing a lift to derivative-income and covered-call style technology ETFs.