USD ETF is trading 3.8% higher in pre-market as the information technology sector—representing over 40% of the fund—extends its recent outperformance amid a broader AI-led rally.
- Gains are driven by continued enthusiasm for AI infrastructure, supported by Micron’s surge and Nvidia’s latest chip benchmarks.
- Supportive macro factors include falling Treasury yields and improved risk sentiment following progress in U.S.-Iran peace talks.
- The move follows a strong performance on May 26, where semiconductors and broader tech indices saw significant AI-related gains.