The PHLX Semiconductor Index is up 3.2%,
Sharp post-earnings gains in CoreWeave (CRWV 108.50, +18.18, +20.13%), Super Micro Computer (SMCI 36.64, +5.04, +15.97%), and Lumentum (LITE 937.26, +116.67, +14.22%) adding enthusiasm to the AI trade.
That strength is helping offset weakness in software stocks and several mega-cap technology names.
Outside the information technology sector, SpaceX (SPCX 144.07, +10.78, +8.09%) is another momentum standout, jumping 7.2% after introducing Grok 4.6.