VGT is trading 1.6% up as a tech sector rally gains momentum, driven by explosive premarket gains in the semiconductor industry and cooling geopolitical tensions.
- Strong AI chip demand is fueled by AMD (+18.1%) and SMCI (+17.7%) earnings, while the Nasdaq climbs 1.41%.
- U.S.-Iran diplomatic progress is easing oil prices and inflation fears, providing a broader macro tailwind for growth stocks.
- A new NVIDIA and Corning AI manufacturing expansion is further boosting sentiment for tech infrastructure plays.