TECL, a leveraged technology ETF, is jumping as investors pile into growth and AI-related names alongside a broader risk-on move in U.S. equities. The tentative U.S.–Iran peace deal has driven oil prices sharply lower, easing inflation and rate-hike fears, which favors long-duration tech stocks. Strong enthusiasm for AI and the recent blockbuster SpaceX IPO are further boosting sentiment across the information technology complex, lifting leveraged tech products like TECL.