🟢 Tech ETF (SOXQ) is trading 1.68% up today after flat July PPI eased rate concerns

SOXQ is trading at $99.19 (+1.68%) after flat July PPI versus 0.2% expected eased rate concerns and supported growth stocks.

• Semiconductor shares led technology higher, with the Philadelphia Semiconductor Index up 2.49% and NVIDIA up 3.03%.
• The broader rally reinforced SOXQ’s move: Nasdaq Composite is up 0.96%, while renewed AI-infrastructure optimism, including NVIDIA’s financing initiative targeting more than $500 billion, supports chip demand sentiment.