Trading at $231.75 (+3.30%).
The move is being driven by a stronger information technology tape, with tech outperforming the broader market and the Nasdaq up 0.66% while the S&P 500 is up 0.41%.[1] Semiconductor sentiment is also being lifted by NVIDIA rising over 4% after unveiling a new AI-focused PC chip, which supports the ETF’s heavy semiconductor exposure.[1]
The setup is reinforced by recent AI infrastructure optimism, including Dell’s strong AI-server-driven outlook and the market’s continued preference for growth and chip-related names over cyclicals.[1][6]