ProShares Ultra Semiconductors is trading 4.3% down today as information technology and semiconductor names extend a sharp weekly selloff following disappointing reactions to AI chip earnings.
- The sector remains under pressure from Broadcom’s post-earnings drop and broader profit-taking in high-valuation AI beneficiaries.
- Nasdaq futures are notably softer ahead of the June 05, 2026 Employment Situation report, adding macro uncertainty for growth and IT shares.