USD is trading 7.4% up today as the leveraged semiconductor ETF rebounds alongside a broader recovery in technology and chip stocks following a period of heavy losses.
- The move tracks a sector-wide recovery and firmer U.S. equity futures as investors engage in dip-buying following a selloff sparked by Meta’s aggressive AI capital expenditure plans.
- Market sentiment is stabilizing after several days of volatility tied to rising bond yields and uncertainty surrounding Federal Reserve policy.
- The rebound marks a significant turnaround for the semiconductor sector, which had been pressured by AI spending concerns and broader macroeconomic headwinds.