BULZ is trading at $23.51 in after-hours, down 4.9% from the regular-session close as the 3x leveraged ETN continues a sharp multi-day slide.
- The move is tied to a broader selloff in semiconductor and AI-related stocks driven by weakening tech sentiment and concerns over AI capital expenditure.
- Geopolitical tensions in the Middle East and rising oil prices are amplifying risk-off positioning in high-growth names.
- Market uncertainty regarding Federal Reserve policy and upcoming big-tech earnings reports continues to weigh on the innovation-focused fund.