iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) is trading 2.9% up today, rebounding from several days of weakness driven by a market rotation out of growth and AI-related technology stocks.
- The recovery aligns with firmer U.S. equity futures and a shift toward a risk-on tone as investors digest recent inflation data and volatility in large-cap tech infrastructure plays.
- The ETF's rise reflects a stabilizing broader tech sector as markets refocus on long-term AI and cloud demand despite lingering concerns over elevated capital expenditure and interest rates.