SOXQ is trading at $84.59 (+2.86%) in a pre-market recovery following a broad semiconductor selloff and recent tech sector weakness.
- Nasdaq futures are trending higher, helping semiconductors recover as investors rotate back into the sector after recent risk-off positioning.
- Market sentiment is being supported by Microsoft’s strong earnings report, which has helped offset investor concerns regarding Meta’s capital expenditure outlook.
- While elevated oil prices and geopolitical tensions remain a backdrop, the current price action is characterized as a sector-wide recovery trade.