XLK is trading 1.6% higher in pre-market, rebounding after a recent tech and semiconductor selloff as investors position ahead of a heavy week of Big Tech earnings.
- Stronger Nasdaq-100 futures and a continued bounce in semiconductor names are driving sector-wide gains.
- Renewed confidence in the AI trade is lifting the sector, with tech leading broader index futures higher.
- Market participants are shifting focus to upcoming earnings reports from major technology companies to gauge the health of the sector.