SOXQ is trading 4.8% higher today as semiconductor stocks lead a broader market rally fueled by easing Middle East tensions and falling oil prices, which are improving risk sentiment for growth-oriented valuations.
- Strength in megacap technology and high anticipation surrounding AMD’s upcoming earnings report are providing significant tailwinds for the broader information technology sector.
- The ETF is moving in tandem with a sector-led, risk-on rally in U.S. equities, with major indices gaining over 1% during the session.