🔴 PTIR is trading 7.7% down today as Palantir and AI stocks extend a multi-day drawdown

PTIR is trading 7.7% down today as it amplifies ongoing weakness in Palantir (PLTR) and the broader AI complex.

• The 2x leveraged ETF is seeing outsized losses following a multi-day tech and AI drawdown that began on June 23, hitting high-beta names particularly hard.
• While broader U.S. indices are trading modestly higher, investors are rotating away from speculative AI exposure, pressuring leveraged vehicles like PTIR.