IYW is trading at $270.97 (+1.55%) as AI-linked chip demand lifted tech sentiment after Micron reported record fiscal Q4 revenue of $54.23 billion and an upbeat outlook. - Micron’s results reinforced confidence in semiconductor demand. - A weak September jobs report, with 29,000 jobs added and 4.2% unemployment, coincided with easing yields and reduced rate-hike pressure, supporting growth shares. - Chipmakers and megacaps led premarket gains, while major indexes also advanced.