XSD is trading 4% higher today as the semiconductor sector rebounds sharply from recent weakness, driven by robust earnings and optimistic AI demand guidance from industry leaders.
- Micron Technology surged over 13% following an earnings beat and upbeat guidance for AI-related memory demand.
- Qualcomm jumped nearly 12% on news of significant data-center and CPU deals, boosting sentiment across the information technology sector.
- The move reverses several days of semiconductor-led declines and concerns over AI profitability, supported by a broadly higher Nasdaq futures backdrop ahead of the June 25, 2026 open.