iShares Semiconductor ETF is trading at $609.44 (+3.08%) as the sector rebounds from a sharp selloff, supported by strong demand for Nvidia’s bond offering and a firmer tone in Nasdaq futures.
- The pre-market bounce follows a 5.1% semiconductor selloff in the prior session, suggesting a technical recovery as the recent rotation out of technology appears to be easing.
- Nvidia’s heavily oversubscribed bond sale and top-tier credit ratings are providing a significant boost to AI-chip sentiment across the industry.
- A mild risk-on backdrop and positive momentum in Nasdaq futures are helping the broader semiconductor space recover from recent June 16 weakness.