ProShares UltraShort Semiconductors (SSG)

With the tech sector down year-to-date and reasons to believe more trouble is in store, these ETFs provide a way to capitalize.

Nvidia GTC kicking off today, laying groundwork for AI and semiconductor excitement. ETFs may see momentum, as in past GTCs, with increased AUM and top-performing funds. Chinese companies showcasing at GTC may affect U.S.-China AI rivalry and ETF performance.

TSMC reportedly ends collaboration with Singapore's PowerAIR after finding its chip in Huawei's AI processor; also faces US sanctions on Chinese customers.

Taiwan Semi to ramp up production in US & Germany, with 2nm progress and AI chip market growth. Microsoft to invest $80B in AI data centers.

Semiconductor, hardware, and AI stocks led by Nvidia, AMD, and TSM continue to pull back as earnings disappoint and demand concerns persist.

Amazon.com disclosed its plan to invest billions of dollars in Taiwan over the next 15 years. The investment aims to establish data centers, further expanding the company's global footprint in Asia to meet the region's increasing demand for cloud services.

Taiwan Semiconductor (TSM) outperforms China's SMIC this year, showcasing China's challenges in advancing its chip industry due to US restrictions.

World's largest contract chipmaker, TSMC, saw 30% sales increase in May due to high demand for AI and recovering consumer electronics. Nvidia and Google drive AI unicorn growth.

Taiwan Semiconductor Manufacturing Co's shares rise to record high due to global AI frenzy. Plans for acquisition and expansion, strong demand for services.

Tech giants played a pivotal role in driving the day's market activity: Technology Select Sector SPDR Fund emerged as the worst-performing segment.

Although inverse ETFs present significant risks to everyday investors, they also provide a convenient mechanism to short the market.

We're starting off Thursday with a breakdown of the biggest pre-market stock movers traders need to know about this morning!

Here are seven inverse ETFs that benefited the most from the Nasdaq sell-off on the day.