SOXQ is trading 5.3% up today as semiconductor and information technology stocks rebound sharply following strong earnings and guidance from AI chipmaker Micron.
- Micron Technology reported record Q3 2026 results on June 24, 2026, with revenue, gross margin, and EPS exceeding guidance, driven by AI-driven demand.
- The strong performance from Micron has revived investor confidence in the profitability of AI infrastructure and memory demand, bolstering the semiconductor sector and leading to Nasdaq gains.