GraniteShares 2x Long MU Daily ETF is trading at $790.00 (-15.05%) as a broad rotation out of growth and AI-related semiconductor names pressures the fund, sharply reversing its recent multi-day rally.
- The information technology sector is facing heavy selling pressure after Broadcom’s revenue miss and cautious AI revenue stance prompted widespread profit-taking across semiconductor stocks.
- Renewed U.S.–Iran hostilities and a shift toward risk-off sentiment are further weighing on high-beta technology exposures.