NVDL is trading at $87.03 (-3.44%) as NVIDIA weakness drags down the leveraged ETF, which targets 2x daily NVDA exposure.
- Tech stocks remain under pressure following the June 23 semiconductor rout, with the ETF currently trading near its expected move range.
- Investors are awaiting Micron earnings as a key sentiment test for the broader AI and semiconductor sectors.
- Market volatility remains elevated as the sector struggles to recover from recent selling pressure.