XLK is trading at $186.13, up +1.97%, after NVIDIA reported $96.2 billion in quarterly revenue, up 106% year over year, and issued stronger-than-expected guidance.
- The outlook eased concerns about an AI-investment bubble, lifting semiconductor, software, networking, and other technology shares.
- Broader markets are also higher, but the move is concentrated in technology, with Nasdaq-100 futures gaining roughly 1.1% premarket.