GraniteShares 2x Long MU Daily ETF is trading 10.3% down today as information technology and semiconductor shares retreat following the May CPI release and renewed Middle East tensions.
- The Nasdaq Composite fell nearly 1.9% amid broad risk-off positioning across U.S. equities, weighing heavily on the tech sector.
- Leveraged chip-focused products are amplifying the sector's downside as traders reprice Federal Reserve policy expectations.
- Investors are actively cutting exposure to high-beta technology stocks in response to macroeconomic uncertainty and geopolitical instability.