VanEck Semiconductor ETF is trading 3% up today as investors buy back into the sector following several days of heavy selling in high-multiple AI and semiconductor names.
- The recovery follows a risk-off move triggered by Wednesday’s inflation data and Oracle-led concerns regarding the intensity of AI capital expenditures.
- Semiconductors are outperforming the broader tech bounce as traders lean into the recent pullback and short-covering supports prices, despite ongoing geopolitical tensions and the fresh U.S. blacklisting of several Chinese tech firms.