XLK is trading 2.2% up today as geopolitical tensions ease following President Trump's announcement of a five-day postponement of strikes on Iranian energy infrastructure.
- Oil prices dropped 7% to $103/barrel, shifting investor focus back to risk assets and tech stocks following Friday's selloff.
- Sector sentiment is further bolstered by Oracle's AI-driven revenue forecast of $90B for 2027, contributing to a broader 2.04% gain in the Nasdaq.