ProShares Ultra Semiconductors is trading 3.5% up today as the underlying technology and AI complex rebounds following sharp two-day swings.
- Sentiment is being driven by positive AI-capex headlines, including Nvidia’s large bond-financed expansion and upbeat chip-infrastructure news which supports leveraged tech exposure.
- Growth stocks are stabilizing alongside a modestly positive Nasdaq as market participants digest morning macro data and await the FOMC policy outcome.