🟢 Tech ETF (FTXL) is trading 4% up as chipmakers rebound after Thursday’s AI-related selloff

FTXL is trading at $184.95, up 3.95%, as semiconductor stocks rebound after Thursday’s severe AI-related selloff.

• Nvidia and other chipmakers rose in premarket trading, lifting technology shares.
• The prior selloff reflected concerns that Democratic election gains could lead to tighter AI regulation and delay U.S. data-center construction.
• Strong payrolls and higher Treasury yields may temper gains amid rate concerns; the Nasdaq is up 1.48%. The move appears to be a sector rebound, not evidence that regulatory concerns have cleared.