AVGG is trading at $26.50, down 3.9% as the semiconductor sector faces continued pressure from a rotation out of high-valuation growth stocks.
- The decline extends a multi-day drawdown in AI infrastructure and semiconductor names, with investors shifting capital toward value and industrial sectors.
- Weakness in Broadcom (AVGO), the ETF's primary focus, is driving the pre-market move amid cautious sentiment toward expensive tech valuations.
- The 2x leveraged fund reflects broader market volatility as growth-oriented names lose momentum following a period of significant outperformance.