Defiance Quantum ETF is trading 1.7% up today as the broader information technology and AI complex rebounds following a sharp rotation out of high-capex AI names.
- Investors are reassessing the previous day's selloff, which was triggered by concerns over inflation and massive AI infrastructure spending plans.
- The bounce in tech comes despite ongoing pressure on Oracle following its announcement of a significant AI infrastructure investment strategy.
- Market sentiment is also being shaped by overnight geopolitical and macro developments as futures and early trading signal a recovery.