iShares Semiconductor ETF is trading 5.5% up today as the sector rebounds from a sharp selloff triggered by macro data and a cautious AI outlook from Broadcom.
- Risk sentiment is stabilizing across major indices, with the Nasdaq Composite trading higher and attracting dip buyers to oversold semiconductor names.
- The recovery follows recent pressure on growth stocks after stronger-than-expected U.S. jobs data and a cautious AI outlook previously triggered a steep decline.
- The information technology sector is seeing broad gains as investors move back into the chip space following the recent volatility.