SOXQ is trading at $90.19, up +1.60%, as strong results from Super Micro and SpaceX revive the AI trade.

  • Super Micro’s better-than-expected revenue outlook points to resilient AI-server demand; the Nasdaq is outperforming broader indexes, supporting semiconductor shares.
  • Investors are also watching Meta and Tesla earnings after the close. Micron’s supply-chain investment is relevant sector news, but the broader AI rally appears to be the main driver.