🔴 GraniteShares 2x Long PLTR Daily ETF is trading 3.1% down today as tech sell-off and institutional stake sale pressure Palantir

GraniteShares 2x Long PLTR Daily ETF is trading 3.1% down today as risk-off trading hits tech and AI names alongside broader index declines.

• Shifting Fed and inflation expectations are weighing on growth stocks, amplifying losses for the ETF due to its 2x long exposure to Palantir (PLTR).
• Palantir is facing additional stock-specific downside pressure following reports of an institutional stake sale.
• The decline reflects a broader retreat in AI-related equities as market sentiment shifts toward defensive positioning.