FTEC is trading at $279.41, up +1.57%, as AMD’s better-than-expected results and strong data-center outlook boosted semiconductor and AI-related shares.
- AMD’s record data-center revenue and forecast of approximately $17 billion in fourth-quarter revenue helped lift tech sentiment.
- Arista Networks rallied after strong results and an improved outlook, adding support to technology shares.
- Election uncertainty eased as investors responded positively to the prospect of political gridlock, while the broader market advanced.