State Street SPDR S&P Semiconductor ETF is trading 2.4% higher as semiconductor names participate in a broader risk-on rebound indicated by higher S&P 500, Nasdaq, and Dow futures.
- Investors appear to be rotating back into growth and information technology sectors, supported by improving sentiment around AI chips and a strong overall futures backdrop.
- The upward move follows a period of volatility tied to concerns over aggressive AI infrastructure spending and tech valuation resets.