🟢 XLK is trading 1.6% up today as AI-driven megacaps rebound from valuation concerns

XLK is trading 1.6% up in pre-market at $184.00, rebounding from last week’s AI-valuation driven pullback.

• The move tracks a broader risk-on shift, with Nasdaq futures up about 1% as investors look past recent AI infrastructure cost concerns.
• Large-cap tech and AI platform leaders are recovering following improved sentiment and easing Middle East tensions, helping the sector retrace part of its recent decline.