XLK is trading at $182.78, up +1.52% as technology shares rebound after the August 24 semiconductor-led selloff ahead of Nvidia’s August 26 earnings report.
- Relief buying in growth stocks is supporting the broader move.
- Alibaba’s $10.2 billion share placement, YMTC’s planned IPO, elevated valuations, and upcoming inflation data remain sector risks.
- The move is sector-wide rather than company-specific, reflecting renewed appetite for large-cap technology after Monday’s weakness.