MSFU is trading 3% down today as large-cap tech and AI-related names lose morning momentum, pulling the Nasdaq into the red.
- The fund is dropping alongside the broader tech sector following a global AI and semiconductor rout in the previous session.
- Selling pressure has intensified during an intraday reversal as investors recalibrate positions ahead of Micron’s upcoming earnings report.
- The decline is a result of MSFU’s high beta to growth stocks and leverage to Microsoft, rather than any company-specific news.