🟢 Semiconductor ETF (SOXX) is trading 1.65% up in pre-market as AI infrastructure investment continues

SOXX is trading 1.65% higher in pre-market, supported by firmer Nasdaq futures and continued AI infrastructure investment.

• Nasdaq futures are up 0.55%; NVIDIA reportedly seeks to mobilize more than $500 billion in third-party capital.
• Weak July retail sales expectations may support the Fed remaining on hold in September, while elevated oil prices and geopolitical tensions could limit gains.
• Monday’s light calendar features the NY Empire State Index as the main scheduled release.