TECL is trading 9.1% higher in pre-market as information technology rebounds following strong Micron and Qualcomm earnings and guidance.
- Strong results from key semiconductor players have eased recent AI and chip sector valuation fears.
- Broader futures gains in the Nasdaq and S&P 500, alongside a risk-on tone ahead of U.S. GDP and durable goods data, are lifting growth-related tech.
- The rally follows several sessions of sector stress, marking a significant recovery for AI and growth-oriented assets.