iShares Nasdaq Top 30 Stocks ETF is trading 1.8% up today as information technology and other growth sectors recover from the sharp rate-shock selloff following the stronger-than-expected May U.S. jobs report.
- Large-cap tech and semiconductor names are bouncing at the open, supported by a broader recovery in the Nasdaq Composite following recent hawkish Fed repricing.
- Positive sentiment is building around AI infrastructure plays, specifically aided by Marvell’s inclusion in the S&P 500 and Nvidia’s robust AI data-center spending outlook.