QQQI is trading at $52.26, up +1.69%, supported by strong AMD results and upbeat guidance.
- AMD reported $13.38 billion in third-quarter revenue and forecast about $17 billion for the fourth quarter.
- Gains in Arista Networks are also supporting semiconductor and AI-related shares.
- Investors are looking past midterm election uncertainty; broader gains include the Nasdaq up 2.52% and the S&P 500 up 1.81%.