• GraniteShares 2x Long MRVL Daily ETF is trading 3.5% up, primarily driven by strong performance in its underlying asset, Marvell Technology (MRVL).
  • Marvell Technology (MRVL) experienced significant upward momentum on June 17, 2026, fueled by its upcoming inclusion in the S&P 500 Index, effective June 22, and a major endorsement from Nvidia's CEO, who positioned Marvell as a key beneficiary of AI growth.
  • This surge in MRVL, alongside a broader bounce in semiconductor stocks including Micron, AMD, Intel, and Applied Materials, contributed to the ETF's gains despite macroeconomic headwinds from the Federal Reserve's hawkish interest rate signal.