🔴 GraniteShares 2x Long MU Daily ETF is trading 5.4% down today as tech and chip stocks slide

GraniteShares 2x Long MU Daily ETF is trading 5.4% down in after-hours trading as information technology and semiconductor names extend their regular-session selloff.

• The ETF’s leveraged exposure to Micron and high-beta chip stocks is amplifying downside moves as growth and AI-linked technology shares face significant pressure.
• Traders remain in a risk-off posture ahead of key U.S. CPI data and amid elevated geopolitical tensions, driving further declines across the broader tech sector.
• The move follows a weak regular session for semiconductor equities, with market participants reducing exposure to high-volatility assets.