ORCX is trading 4.5% down today as the 2x leveraged ETF extends a multi-day drawdown driven by sustained selling in Oracle (ORCL) shares.
- Oracle remains under pressure following its fiscal 2026 financial results, with investors reacting to heavy capital expenditure requirements for AI infrastructure.
- The decline is exacerbated by a broader market rotation away from high-valuation technology stocks and a modest decline in index futures.