🔴 GraniteShares 2x Long PLTR Daily ETF is trading 4.54% down today as Oracle's spending outlook sparks a broader tech sector rotation

GraniteShares 2x Long PLTR Daily ETF is trading at $11.57 (-4.54%) as a broader rotation out of technology and AI stocks weighs on growth names.

• The decline is amplified by the fund's 2x leveraged exposure to Palantir (PLTR), which is facing pressure alongside the wider sector following Oracle’s spending outlook.
• Risk appetite is notably softer this morning with the NASDAQ down 0.62% and high-growth AI trades lagging behind the broader market.
• Investors are pivoting away from the sector as concerns over capital expenditure and valuation lead to a tactical rotation.