VanEck Semiconductor ETF is trading higher at $607.92 (up 1.6%) in pre-market action, extending Monday’s sharp 5% rally as AI-driven optimism and a broader tech rebound lift the sector.
- The move reflects positive follow-through from Marvell’s S&P 500 inclusion and continued momentum in semiconductor names following the previous session's gains.
- Broader market sentiment is bolstered by rising Nasdaq futures and easing geopolitical tensions in the Middle East, which are supporting risk appetite for growth and information technology stocks.