🔴 Trading--Leveraged Equity ETF (COHH) is trading 8.72% down after Marvell’s disappointing forward expectations

COHH is trading at $5.71 (-8.72%) as weakness across AI and semiconductor shares is amplified by its 2x leverage and primary tie to Coherent.

• Investors are taking profits after Nvidia’s strong August 27 rally.
• Marvell Technology fell sharply after disappointing forward expectations, pressuring related chip and optical-component names.
• Markets remain cautious ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole speech, increasing sensitivity in high-growth technology stocks.