SOXQ is trading 1.8% higher as technology and semiconductor names rebound following last week’s AI-driven selloff and improved geopolitical sentiment.
- Investors are refocusing on long-term AI chip demand, looking past sector-specific headwinds like Apple’s memory cost warning and new BIS warnings regarding systemic risks from AI spending.
- Market sentiment improved following a reported U.S.-Iran ceasefire framework, which helped ease risk premiums that had weighed on growth stocks earlier in the week.
- Nasdaq-100 futures gained nearly 1%, signaling a broad recovery in the tech sector as investors move back into semiconductor names.