SNDG is trading 29.1% higher today as high-beta technology and semiconductor stocks rebound from a multi-day selloff triggered by AI-infrastructure spending concerns and geopolitical tensions.
- Traders are aggressively buying the dip in the semiconductor sector and unwinding bearish positions following yesterday’s Federal Reserve interest rate hold.
- The 2x leveraged ETF is seeing outsized gains as the Nasdaq Composite moves higher, recovering from a risk-off environment previously driven by Middle East escalations.