GraniteShares 2x Long DELL Daily ETF is trading 5.4% down today as Dell Technologies continues to retrace its recent explosive AI-driven gains.
- As the ETF seeks 2x the daily move of Dell, the current profit-taking and volatility following the post-earnings AI server rally are significantly amplified.
- This pullback follows an extreme year-to-date run of over 800%, leaving the leveraged instrument vulnerable to sharp reversals as traders reduce risk in AI-related names.