WGMI is trading 2.3% up today as the information technology sector rebounds following cooling U.S. inflation data and a shift in sentiment toward AI and semiconductor stocks.
- Cooling inflation and expectations for a softer Federal Reserve stance are providing support for growth and risk assets.
- Global tech indexes and futures strengthened overnight as concerns over elevated AI valuations eased, lifting tech-heavy ETFs.
- Investors are selectively rotating back into chip names after recent weakness in the semiconductor space.