🔴 2x Long AAOI ETF (AAOG) is trading 6.38% down after potential $600 million equity offering

AAOG is trading at $2.64 (-6.38%) after AAOI announced a potential $600 million at-the-market equity offering, raising dilution concerns.

• Because AAOG targets 2x AAOI’s daily performance, weakness in the underlying stock is magnified.
• Broader semiconductor sentiment is also softer after disappointing Marvell Technology guidance, adding pressure to AI-linked chip shares.