GraniteShares 2x Long INTC Daily ETF is trading 5.5% up today as traders continue to price in a surge for Intel (INTC) following confirmation of a chip design-and-build partnership with Apple and a bullish price target increase from Mizuho.
- As a 2x leveraged ETF, the fund is amplifying the strength of Intel (INTC) amid a broader constructive tone toward semiconductor names and U.S. onshoring themes.
- Today’s move reflects a mix of momentum trading and strategic repositioning into Intel-focused AI catalysts following a multi-day rally.
- The sharp upside comes despite only modest moves in broader market indices, highlighting the significant impact of the Apple deal confirmation.