Defiance Daily Target 2X Long RGTI ETF is trading 8% down today as speculative AI and quantum-computing sentiment cools following a significant multi-day rally.
- The decline reflects a sharp reversal in the underlying asset, Rigetti Computing (RGTI), as traders lock in profits following extreme short-term gains.
- As a 2x daily long product, the ETF is amplifying the downward move in the highly volatile AI hardware and quantum software sector.
- This pullback follows a broad risk-on rally last week that saw significant speculative interest in specialized AI infrastructure plays.