SNXX is trading 4.2% up today as the tech sector rebounds from a multi-day selloff ahead of key GDP and inflation data releases.
- U.S. equity futures are trending higher, with Nasdaq futures up 0.8%, signaling improving risk sentiment for rate-sensitive technology stocks.
- The move follows a period of heavy losses for leveraged chip exposure triggered by AI spending concerns and disappointing earnings from SK Hynix.
- Traders are utilizing the 2x leveraged ETF for tactical upside as global semiconductor markets stabilize following recent geopolitical and sector-wide pressure.