🟢 Inverse SNDK ETF (SNDQ) is trading 1% up after AI-chip jitters and Korea tech selloff

SNDQ, a 2x inverse ETF on the SNDK AI/semiconductor index, is modestly higher as traders hedge against AI-chip exposure. The sharp 7%+ crash in South Korea’s tech-heavy Kospi, led by large memory and chip names, and broader concerns about AI overinvestment are pressuring the underlying SNDK basket, supporting gains in this leveraged inverse product. U.S. indices are slightly up, but sector-specific AI and chip worries are driving SNDQ’s move more than the overall market.