The ETFs linked to Nasdaq have recently undergone a strong recovery, driven by solid technology earnings, excitement about artificial intelligence, and improving US-China trade sentiment. The Nasdaq Composite Index and QQQ-style ETFs saw a robust rebound in May, with the Nasdaq Composite Index now trading just a few percentage points below its February high after turning positive for the first time this year. Semiconductor ETFs have also risen, benefiting from optimism about easing export controls.