AAOG is trading at $2.02, down 5.2% as the 2x leveraged ETF extends a steep multi-day slide driven by heavy volatility in Applied Optoelectronics (AAOI) and the broader AI hardware sector.
- Macro pressure on chipmakers and mounting concerns regarding AI infrastructure spending continue to weigh on the semiconductor space.
- Recent global semiconductor selloffs are amplifying losses for AAOG due to its leveraged exposure to AAOI's underlying performance.