🔴 Leverage Shares 2X Long AVGO Daily ETF is trading 30.5% down today after Broadcom earnings selloff and AI sector profit-taking

Leverage Shares 2X Long AVGO Daily ETF is trading 30.5% down today as its underlying stock, Broadcom (AVGO), faces a sharp selloff following its fiscal Q2 earnings report and a broader reversal in AI semiconductor names.

• Broadcom reported strong AI chip growth but slightly missed overall revenue expectations and only reiterated its $56 billion annual AI target, disappointing momentum-driven investors.
• Because the ETF provides 2x daily long exposure to AVGO, the underlying stock's post-earnings decline and sector-wide profit-taking are being significantly magnified.