XSD is trading 1.6% up today as the broader information technology sector extends its rebound following strong cloud and AI-related earnings from Microsoft and Amazon.
- Tech sentiment has improved significantly despite earlier volatility, bolstered by positive results from major cloud providers.
- Global semiconductor news remains mixed, with concerns over China competition and AI profitability pressuring some chipmakers.
- As an equal-weight ETF, XSD is benefiting from the sector’s recovery but remains sensitive to ongoing headline risks.