SOXX is trading at $561.30 (+1.98%) as semiconductor stocks benefit from stronger technology futures and renewed AI-infrastructure optimism after NVIDIA partnered with major financial firms to mobilize more than $500 billion for data centers and related compute investment.
- Softer July retail sales and cooling inflation lowered September Federal Reserve hike expectations, supporting growth-oriented valuations.
- The broader Nasdaq-led advance is reinforcing the sector move, although geopolitical tensions and higher oil prices remain offsetting risks.