SNXX is trading 11.1% up in pre-market action as cooling inflation data and a rally in Asian chip stocks bolster risk appetite for high-beta semiconductor and AI names.
- The 2x leveraged ETF is extending a recovery from a recent tech selloff triggered by Middle East tensions, with its leveraged structure amplifying the sector's double-digit gains.
- Positive sentiment is being driven by rising U.S. futures and a shift back toward growth-oriented assets following favorable macroeconomic data.