🟢 Volatility ETF (UVIX) is trading 7.86% up as tech selloff revives AI spending fears

UVIX is trading at $42.77, up 7.86%, as Thursday’s tech selloff and higher oil prices likely increased demand for volatility exposure.

• Concerns about AI spending pressured equity sentiment, with the Nasdaq’s decline especially sharp.
• Middle East supply concerns and geopolitical tensions drove crude higher, adding to risk aversion.
• UVIX seeks twice the daily performance of a VIX futures index and gained 12.58% on October 22, per the provided price context.