USD is trading 7.7% up today as chip and broader tech names rebound sharply after recent AI-driven volatility.
- Strong earnings and upbeat guidance from Micron and Qualcomm have revived confidence in the AI and semiconductor cycle, lifting high-beta, leveraged equity products like USD.
- Futures-led strength in the Nasdaq and a risk-on tone in growth sectors are supporting a broad recovery in semiconductors following a week of steep selloffs.