🔴 TQQQ is trading 3.4% down today as AI and semiconductor rotation intensifies

TQQQ is trading at $71.89 (-3.42%) as technology and growth stocks face continued pressure from an AI-led market rotation.

• The move extends a sharp -9.86% decline from the previous session, as investors pull back from richly valued semiconductor names.
• Market sentiment remains cautious ahead of Micron Technology’s upcoming earnings report, adding to the broader Nasdaq-100 volatility.
• The leveraged ETF's performance reflects a wider retreat from the tech sector following a significant rout earlier in the week.