SOXQ is trading 2.3% higher in pre-market as semiconductor stocks extend their rally, supported by easing Middle East tensions and lower oil prices.
- Megacap technology strength and anticipation surrounding AMD’s earnings are providing a significant boost to the broader information technology sector.
- Despite re-emerging geopolitical risks overnight, firm index futures suggest investors continue to favor growth and AI-linked chip names.
- Market sentiment remains risk-on as investors build on Monday's gains, focusing on the long-term potential of the semiconductor industry.