TQQQ is trading at $62.60 (+5.72%) as growth sectors rebound following a sharp tech-led selloff in the previous session.
- Semiconductor strength is serving as the primary catalyst, with gains in Applied Materials, Lam Research, and Micron driving leveraged Nasdaq exposure.
- Positive market reaction to Microsoft earnings is bolstering broader tech sentiment and offsetting post-earnings weakness in Meta to support the Nasdaq-100 overall.