WQTM is trading 1.1% up today as Micron’s blowout earnings revived confidence in the AI and semiconductor trade.
- The move serves as a relief rally following several days of tech weakness tied to concerns over AI profitability and stretched chip valuations.
- Broader market sentiment turned risk-on, with Nasdaq 100 futures jumping over 2% and major indices opening higher.
- The ETF, which is heavily weighted toward information technology, is rebounding alongside other growth and AI-linked names.