State Street SPDR S&P Semiconductor ETF is trading 3.3% up today as investors buy back into the sector following an 11% selloff, supported by strong AI infrastructure demand and Marvell Technology’s inclusion in the S&P 500.
- Sentiment is being bolstered by robust data center chip fundamentals and AI-related demand, which have driven the fund to triple in value over the past year.
- Marvell Technology’s addition to the S&P 500 is lifting sentiment across semiconductor names within the XSD portfolio.
- Chip stocks are outperforming broader markets despite hawkish macro signals from a strong May jobs report and higher yields, as investors refocus on growth in AI infrastructure.