Invesco PHLX Semiconductor ETF is trading 4.7% up today as investors pile into semiconductor and AI leaders amid a broader rally in growth assets and Nasdaq benchmarks.
- A de-escalation in U.S.–Iran tensions and sharply lower oil prices are easing inflation and interest rate concerns, significantly boosting market risk appetite.
- The broader information technology sector is seeing strong gains as lower energy costs favor long-duration growth sectors like semiconductors.