🔴 Leverage Shares 2X Long ARM Daily ETF is trading 12.4% down today on Broadcom-led semiconductor selloff

Leverage Shares 2X Long ARM Daily ETF is trading 12.4% down today as semiconductor and AI chip stocks sell off following Broadcom’s disappointing reaction to its latest earnings and AI revenue guidance.

• The ETF's double-long structure amplifies the underlying price action of ARM Holdings, resulting in a sharp decline as high-valuation tech names face increased selling pressure.
• The move extends a multi-day reversal from late-May gains, reflecting a broader market rotation toward value and defensive sectors while the Nasdaq and semiconductor industry underperform.