🔴 GraniteShares 2x Long DELL Daily ETF is trading 10.7% down today as Broadcom’s weak guidance triggers a reversal in AI and high-beta tech sentiment

GraniteShares 2x Long DELL Daily ETF is trading 10.7% down today, reflecting aggressive profit-taking and a sharp reversal in AI and high-beta tech sentiment.

• The downturn follows Broadcom’s disappointing revenue print and guidance, which triggered a broader selloff across the semiconductor sector and the Nasdaq.
• As a 2x leveraged vehicle tracking Dell, the ETF is amplifying the downside as investors reassess rich valuations in the AI hardware space amid rising Fed-hike expectations and higher Treasury yields.