XLK is trading 2% up today as semiconductor stocks rebound and AI infrastructure confidence returns.
- NVIDIA and AMD lead the chip recovery; analyst optimism highlights further upside for major AI beneficiaries.
- AMD was reported up 2.81% in premarket trading, supporting the broader technology-sector advance.
- Broader risk appetite follows the September 16 Federal Reserve rate hike; falling Treasury yields and softer oil prices ease pressure on growth stocks, while Nasdaq’s stronger gain confirms tech leadership.