AAOG is trading 19.5% down today as its single underlying stock, Applied Optoelectronics (AAOI), continues to sell off on heavy volatility and negative momentum.
- The 2x leveraged ETF structure is amplifying losses as the semiconductor sector faces pressure from AI-spending concerns and broader tech weakness.
- Cautious risk sentiment ahead of the Fed’s two-day meeting is adding further pressure to high-beta assets and volatile equity positions.