XLG is trading 1.58% higher in after-hours sessions as strong Micron Technology earnings and guidance stabilize sentiment in the AI and semiconductor sectors.
- The move follows several sessions of tech-led weakness and sector rotation out of information technology.
- Micron Technology's robust results helped lift sentiment even as broader market indices remained mixed.
- With information technology representing 45.2% of XLG's total weight, the potential tech recovery is the primary driver for the ETF.