FTXL is trading at $228.61, up 2.10% from the September 16 close, as reports of exploratory Intel-SK Hynix talks to manufacture memory chips in the United States lift semiconductor and AI-infrastructure sentiment.
- Nasdaq futures are up 0.97% and the S&P 500 is up 0.78%, leading a broad pre-market rebound.
- The Federal Reserve’s September 16 rate hike and elevated Treasury yields remain a counterweight for growth stocks; overnight risk appetite has improved.
- The semiconductor catalyst appears primary, reinforced by broader futures rally.