IPO is trading at $47.95, up 3.50%, mainly as technology and semiconductor shares rebound. - The Nasdaq was higher, and chip stocks rallied as investors positioned ahead of AMD’s earnings. - IPO’s largest holdings include Astera Labs and SK hynix, giving the ETF meaningful exposure to semiconductor and AI-infrastructure sentiment. - The broader market was mixed; stronger-than-expected JOLTS openings pointed to labor-market resilience, which may temper expectations for near-term Fed cuts.