SOXL is trading 5.1% higher in pre-market action as investors seek bargains in the semiconductor and AI infrastructure space following a significant global sector selloff.
- Information technology futures are edging higher, tracking a modest recovery in the Nasdaq-100 and growth assets after yesterday's sharp decline.
- Market participants are positioning ahead of tomorrow's critical PCE inflation data, with no major economic releases scheduled for today.
- The rebound reflects a stabilization in the tech sector as traders capitalize on lower valuations in beaten-down chip and AI infrastructure names.