🔴 Leverage Shares 2X Long AVGO Daily ETF is trading 4% down today after Broadcom earnings spark a broader tech selloff

Leverage Shares 2X Long AVGO Daily ETF is trading 4% down today as traders react to a sharp post-earnings selloff in Broadcom (AVGO) and a broader pullback in AI-focused semiconductor stocks.

• Nasdaq futures are trending lower as investors rotate out of high-valuation tech and AI names into value and industrial sectors.
• The leveraged exposure to AVGO is amplifying the downside move in the ETF following the earnings report.