PWB is trading 1.7% higher as its information technology-heavy portfolio benefits from a broader rebound in large-cap growth and AI-related names.
- Strong cloud and AI earnings from mega-cap leaders like Amazon and Microsoft are lifting the broader tech sector.
- A supportive macro environment with cooling inflation and steady interest rates is providing a tailwind for growth stocks.
- The advance comes despite ongoing market concerns regarding semiconductor competition and AI-related capital expenditures.