Invesco PHLX Semiconductor ETF is trading 1.7% up today as the sector stabilizes following a reassessment of the recent AI infrastructure spending scare.

  • The move reflects a broader risk-on tone in U.S. equities, extending a sharp rebound after a volatile week for semiconductor and AI-related names.
  • Investors are moving back into high-growth tech after outsized declines triggered by Oracle’s heavy capex plans and a recent sector rotation.