QQQM is trading 2.3% higher today as the technology-heavy portfolio rebounds following strong after-hours earnings and guidance from Micron Technology.
- The rally is supported by double-digit gains in other semiconductor names like Qualcomm, which have helped ease AI valuation fears and sparked broad buying in the growth sector.
- Nasdaq and S&P 500 futures are trading significantly higher, indicating a wider risk-on shift that is amplifying gains across large-cap information technology and AI-linked stocks.