SEMI.AX is trading at A$35.67 (+11.47%) as it rallies with the broader semiconductor complex after Microsoft and Amazon earnings reassured investors on AI spending and cloud demand.
- The move fits a wider risk-on tone in tech, with U.S. futures pointing higher and semiconductor stocks rebounding after the recent selloff.
- The rally is characterized as a sector-driven move rather than ETF-specific news, with momentum carrying over from the previous session.