USD is trading at $69.96, +5.97%, as chip stocks help technology shares rebound. - Chip gains help offset Apple’s weaker margin outlook. - Investors question whether heavy AI infrastructure spending will generate adequate returns; AMD’s earnings after the close are a key sector test. - Nasdaq is higher while the Dow is lower. Midterm-election uncertainty and renewed Iran-related geopolitical risk add to the unsettled backdrop; the move appears to be a sector bounce, not a broad risk-on rally.