ProShares Ultra Semiconductors is trading at $98.13 (-7.98%) as the information technology sector faces significant pressure following Broadcom’s weak post-earnings reaction.
- The disappointing results triggered a broad semiconductor selloff, with AI-chip leaders and related technology names falling sharply.
- The ETF is also being weighed down by a broader Nasdaq decline and an ongoing investor rotation out of high-valuation growth stocks into more defensive areas.