XLK is trading 1.6% up today as large-cap technology and semiconductor names lead a broad market rally supported by lower Treasury yields and persistent AI infrastructure demand.

  • The move is driven by broad gains in mega-cap holdings like NVIDIA, Apple, Microsoft, and Broadcom, with semiconductors and related equipment now comprising nearly half of the ETF's total weighting.
  • Gains follow a firm risk-on tone across global markets, with NASDAQ futures up 1% as investors continue to rotate into growth stocks following positive tech trading sessions in Europe and Asia.