GraniteShares 2x Long MU Daily ETF is trading 10.0% down today as its underlying semiconductor and information technology exposure sells off alongside broader Nasdaq and S&P 500 futures.
- The move follows a sharp late-session reversal in tech stocks driven by geopolitical tensions near Iran and renewed concerns over AI-linked valuations.
- Market participants are showing caution ahead of key U.S. CPI and real earnings data, which could significantly impact Federal Reserve rate expectations.