🔴 2x Long COHR ETF (COHH) is trading 4.46% down today on optical-AI profit-taking

COHH is trading 4.46% down today as traders reduce optical-AI exposure ahead of earnings.

• Lumentum has August 11 earnings; Coherent has August 12 results, after both stocks declined sharply on August 10.
• Oil is rising amid unresolved Strait of Hormuz tensions, lifting inflation and Treasury-yield concerns.
• Technology stocks remain under pressure, reinforcing COHH’s leveraged decline.