GraniteShares 2x Long DELL Daily ETF is trading 5.3% down as recent strength in Dell and AI-linked names reverses alongside renewed pressure on the broader tech complex.
- The fund has seen sharp swings as investors rotate out of high-beta AI and hardware plays following hotter-than-expected inflation data.
- Concerns regarding heavy AI infrastructure spending are amplifying downside moves in the fund's underlying Dell exposure.
- The decline reflects a broader rotation away from leveraged tech positions as market volatility increases.