XSD is trading 2% higher following a sharp rebound in semiconductor and technology shares after a global selloff.
- Strong earnings from leading tech companies, notably Microsoft’s AI-driven Azure growth, and cooler PCE inflation data have boosted risk appetite in rate-sensitive growth sectors.
- Investors are buying the dip in semiconductors as markets price in a more supportive Fed path and continued demand for AI infrastructure.
- The recovery in the semiconductor sector is lifting broader information technology benchmarks after recent market volatility.