SOXX is trading 2% higher today as sentiment improves toward AI and chip makers following a sharp pullback last week.
- Strong earnings from Micron Technology, a major memory producer, are lifting semiconductor and information technology names.
- A broader rebound in Nasdaq futures is supporting the recovery, outweighing prior concerns about AI infrastructure costs.
- The positive momentum indicates a shift in sentiment despite ongoing geopolitical tensions that previously pressured the sector.