SOXQ is trading at $90.66, up 2.06% from the previous close of $88.77, as AI-related earnings optimism eased concerns about technology spending after last week’s selloff.
- Super Micro raised its revenue outlook on AI-platform demand, while SpaceX reported strong results; both supported the AI trade.
- Asian chip shares advanced, and Nasdaq 100 futures rose 0.7%, reinforcing the sector rebound.
- No major U.S. economic release is scheduled; semiconductor earnings remain in focus.