USD is trading 3.08% up to $95.42 as the semiconductor sector rebounds from last week's sharp AI-chip selloff.
- The move reflects a broader recovery in large-cap technology and AI-exposed semiconductors, with the Nasdaq Composite gaining approximately 1.4%.
- Investors appear to be looking past recent concerns regarding aggressive AI infrastructure spending and valuation risks.
- The fund, which provides 2x leveraged exposure to the industry, is recovering ground following a period of heightened volatility in the chip sector.