QTOP is trading 2.5% higher as information technology and growth stocks rebound after a sharp semiconductor-driven selloff earlier in the week.
- The recovery follows a global chip rout triggered by steep declines in Samsung Electronics and SK Hynix amid concerns over AI infrastructure spending.
- Dip-buying and stabilization in Nasdaq futures are lifting large-cap growth ETFs following the Federal Reserve's decision to hold interest rates steady.
- Market sentiment is seeing a boost as fears regarding the profitability of AI infrastructure begin to ease.