Global X Artificial Intelligence & Technology ETF is trading 2% higher today as information technology and AI-related names rebound following recent sector underperformance against the Dow and cyclicals.
- The upward move aligns with stronger Nasdaq futures and market optimism that the FOMC will keep interest rates steady.
- Sentiment is further supported by lower energy prices and Nvidia’s large bond deal and buyback plan, which are boosting long-duration growth and AI chip stocks.