COHH is trading 8.87% down today as its 2x daily leverage amplifies weakness in AI-linked photonics and semiconductor shares.
- Investors are rotating away from expensive technology stocks after AMD’s outlook disappointed elevated expectations.
- SpaceX’s heavy AI infrastructure spending raised concerns about capital intensity.
- Asian semiconductor selling and a weaker Nasdaq added pressure; no major U.S. economic release is scheduled for August 6, 2026.