XLK is trading 1.7% up today as large-cap U.S. tech and AI-related names continue to rebound following a strong sector-led rally.
- Investors remain focused on robust AI investment plans and favorable macro conditions, largely dismissing recent BIS warnings regarding debt-fueled AI exuberance.
- Growth stocks are seeing increased demand ahead of key labor and consumer confidence data, with the ETF moving in lockstep with broader Nasdaq strength.
- Major indices and futures are trading modestly higher as the tech sector leads the market's upward momentum.