🔴 Defiance Daily Target 2X Long IREN ETF is trading 9.1% down today as underlying IREN shares retrace recent AI-driven gains

Defiance Daily Target 2X Long IREN ETF is trading 9.1% down today as underlying IREN Limited shares retrace a portion of their recent surge fueled by AI data center expansion plans.

• IREN shares are cooling off after a significant rally triggered by the announcement of an 800MW AI data center project in South Australia.
• The ETF’s 2x leverage is magnifying the downside move as broader market sentiment for high-volatility, speculative assets softens.