AIQ is trading 2.5% higher in after-hours trading following a strong Q3 earnings report from Micron Technology, a major holding in the semiconductor-heavy ETF.
- Micron exceeded revenue and profit expectations and guided to sharply higher margins, lifting sentiment across the broader chip and AI sectors.
- The positive results are being treated as a key sentiment reset for the AI sector following a multi-day selloff tied to doubts about long-term profitability.