iShares Semiconductor ETF is trading 3.1% up today as the sector attempts to stabilize following a sharp multi-day selloff triggered by hot CPI data and rising Treasury yields.
- Semiconductor stocks are finding support from firmer Nasdaq futures and stabilization hopes following recent weakness in major players like Oracle and Super Micro Computer (SMCI).
- Investors are shifting back to a risk-on tone ahead of the key PPI report, despite lingering concerns over aggressive AI capital expenditure plans.