The technology sector is trading significantly higher, propelled by strong gains in semiconductor stocks. This upward momentum is primarily fueled by a narrative of persistent and booming demand for Artificial Intelligence (AI) infrastructure. News of record chip-related exports from South Korea and strong premarket gains in chipmakers like Intel and AMD have bolstered investor confidence. The rally is further supported by a pullback in oil prices and U.S. Treasury yields, which eases valuation pressure on growth stocks.