ProShares Ultra Semiconductors is trading 5% up today as information technology and semiconductor stocks rebound following a sharp sector-wide selloff earlier in the week.
- Stronger Nasdaq and S&P 500 futures and improving risk sentiment ahead of key U.S. producer price data are supporting the move.
- A bounce in high-beta chip names is driving gains for leveraged tech exposure, despite lingering concerns around AI-related capex and recent volatility in mega-cap growth.