VGT is trading at $124.28, up 1.61%, as semiconductor and AI-linked stocks lead a broad technology rebound.
- Record South Korean chip exports and strong premarket gains in Intel, AMD, and Micron reinforced expectations for durable AI-infrastructure demand.
- Falling oil prices and Treasury yields are easing valuation pressure; the 10-year Treasury yield has declined below 5%, while the NASDAQ Composite gains 1.56%.
- The move is sector-led rather than company-specific, with lower energy costs reducing inflation concerns.