SNXX is trading at $9.33, down 18% as technology and AI-related stocks face a broader sector pullback driven by profit-taking and capital spending concerns.
- The move extends recent volatility for the leveraged ETF, which is down from a prior close of $11.38.
- Selling pressure is linked to heavy capital-spending worries in the AI space, even as the Dow and traditional industrials remain firm.
- The decline reflects a significant divergence between the tech sector and the broader market.