ProShares Ultra Semiconductors is trading 8.3% up today as information technology and AI-related stocks lead a broader risk-on move following the U.S.–Iran peace agreement and sharp declines in oil prices.
- Lower energy-driven inflation pressures and supportive rate expectations are boosting growth and tech sectors specifically.
- Additional momentum from recent AI headlines and the SpaceX IPO is favoring leveraged exposure to the information technology complex.