GraniteShares 2x Long MU Daily ETF is trading 3.3% down today as information technology sentiment softens following Oracle’s post-earnings plunge and renewed scrutiny of aggressive AI infrastructure spending.
- The move follows a highly volatile week for leveraged Micron and semiconductor exposure, which has weighed on parts of the software and AI complex.
- Nasdaq futures are trading slightly lower as investors remain cautious ahead of U.S. consumer sentiment data that could impact growth and tech valuations.