XLK is trading 2.9% up today as technology shares rebound from a multi-day AI-led selloff, driven by strong semiconductor earnings and restored confidence in data-center demand.
- Strong results and guidance from Micron Technology, combined with a double-digit surge in Qualcomm, are fueling the recovery in AI-related growth names.
- Broader index futures are trending higher as falling bond yields and risk-on sentiment support a snapback across U.S. growth and semiconductor stocks.