CHAT is trading 2.8% up as the information technology sector rebounds following strong mega-cap earnings and cooling inflation data.
- Microsoft’s post-earnings rally is driving a rotation back into AI, cloud, and semiconductor stocks after a multi-day selloff.
- The recovery follows recent market pressure tied to Meta’s heavy AI capital expenditure and global weakness in the chip sector.
- Major indices and futures are trending sharply higher, with the technology sector leading a broad risk-on move in the market.