🔴 SQQQ is trading 5% down in pre-market as chip stocks rebound

SQQQ is trading 5.00% down at $47.07 now as Nasdaq-related shares rebound in pre-market after Thursday’s technology-led selloff.

• Nasdaq futures climbed Friday as chip stocks gained ground; Reuters reported several chipmakers recovering after steep prior-session losses.
• The Nasdaq Composite was up 1.80% pre-market. SQQQ targets three times the inverse of the Nasdaq-100’s daily performance, so index strength can pressure the fund.
• The move appears tied to broader technology and index sentiment; no company-specific announcement or SQQQ-specific catalyst was identified.