Leverage Shares 2X Long ARM Daily ETF is trading 18.6% down today as the recent AI‑chip and semiconductor momentum trade continues to unwind following extreme gains in late May and early June.
- The fund's 2x daily exposure to Arm Holdings is magnifying sector-wide volatility triggered by a disappointing market reaction to Broadcom and a broader rotation from high-growth tech into industrials.
- Macro sentiment has shifted to risk-off for AI names due to renewed U.S.–Iran hostilities and a tech-led pullback in the Nasdaq, putting additional pressure on leveraged semiconductor plays.