QNTM.SW is trading 3% higher, reflecting a sharp rebound in growth and technology names after strong cloud and AI-related earnings and cooling inflation data.
- The fund is benefiting from a sector-wide recovery in semiconductors, software, and AI infrastructure following earnings beats from Microsoft and Amazon.
- Sentiment is further bolstered by a softer PCE inflation print, which has supported a broader rally across high-growth tech sectors.
- The ETF tracks quantum computing and advanced technology companies that are well-positioned to benefit from the ongoing expansion of AI infrastructure.