ProShares Ultra Semiconductors is trading 3.2% up in pre-market as information technology and semiconductor names extend a sharp rebound from recent rate- and geopolitics-driven selloffs.
- U.S. tech and semiconductor futures moved higher alongside the Nasdaq, supported by easing Middle East tensions and dip-buying after a recent 4% Nasdaq decline.
- The recovery follows significant volatility in Asian semiconductor markets, lifting leveraged chip-focused ETFs.