Semiconductor ETF Rebounds Over 4.5%, Leading US Sector ETFs at Open

The move is a sharp rotation back into tech leadership rather than a broad risk-on session, since energy and banking ETFs slipped at the same open. Semiconductors outpacing the wider tech complex by roughly double suggests the buying is concentrated in the highest-beta chip exposure, which tends to amplify both directions. For readers tracking sector flows, the split between chips and financials is the more telling signal than the headline gain. Whether that leadership holds through the session, or fades like a single-open bounce, is the open question.