SOXQ is trading up 1.90% at $99.60 as stronger AI demand expectations and Anthropic’s projected revenue outlook support chipmakers and large technology shares.
- Micron, Broadcom, AMD, and other semiconductor stocks advanced in premarket trading; Nasdaq futures gained roughly 0.5%.
- Softer July retail sales and easing inflation lowered September Fed hike expectations, reducing rate pressure on growth stocks.
- Geopolitical tensions and higher oil prices remain a counterweight; sector-led technology outperformance versus the broader market continues.