XSD is trading 2.35% higher in pre-market action following a sharp rebound in information technology after a recent semiconductor-driven selloff.
- The move aligns with a broader recovery in US tech, where the S&P 500 information technology sector has rallied about 6% over the last two sessions amid renewed AI optimism.
- Supportive macro data showing cooling inflation and firmer rate-cut expectations is improving risk sentiment, helping growth and chip stocks lead pre-market gains.