GraniteShares 2x Long MRVL Daily ETF is trading 9.1% lower today as investors lock in profits following a parabolic multi-day spike driven by Marvell Technology’s AI momentum.
- The decline reflects renewed pressure across the semiconductor complex and a tech-led risk-off tone signaled by soft NASDAQ futures.
- Investor rotation away from high-valuation AI chip names into value and industrial sectors is reinforcing the pullback in leveraged exposure like MVLL.