GraniteShares 2x Long MU Daily ETF is trading 8.1% lower in pre-market action on June 05, 2026, as persistent weakness in the information technology and semiconductor sectors follows Broadcom’s disappointing AI revenue outlook.
- Major chip names are seeing a guidance-related selloff, with Nasdaq futures leading market declines as growth-oriented stocks face increased pressure.
- Traders remain cautious ahead of the upcoming U.S. Employment Situation report, which could further impact high-valuation tech stocks if the jobs data indicates a hot labor market.