GraniteShares 2x Long MU Daily ETF is trading 5.9% down today as semiconductor and information technology shares extend a selloff following a sharp reversal in tech and AI-linked names.
- The decline follows a late-day downturn on June 9, 2026, which saw tech stocks drag the Nasdaq lower after early gains evaporated.
- Market sentiment is pressured by rising geopolitical tensions involving Iran and investor caution ahead of the June 10 U.S. CPI release.
- As a leveraged product tracking Micron (MU), the ETF is seeing outsized losses amid a broader retreat in growth and chip-sector stocks.