AVGG is trading 4.9% higher in pre-market action, rebounding as sentiment shifts toward a risk-on tone across the semiconductor and AI sectors.
- The move follows strong after-hours gains from Micron (MU) and Qualcomm (QCOM), which have helped lift Nasdaq futures by over 2%.
- Due to its 2x leveraged structure, AVGG is capturing outsized gains from the stabilization and recovery in Broadcom (AVGO) and the wider tech complex after recent volatility.