FTXL is trading 1.8% up today as information technology stocks rebound alongside strong Nasdaq-100 futures and broader index gains.
- Improved geopolitical sentiment following a U.S.βIran ceasefire is lifting large-cap tech as investors refocus on AI growth potential.
- The upward momentum outweighs recent concerns regarding high AI infrastructure costs and valuation warnings previously highlighted by the Bank for International Settlements (BIS).