GraniteShares 2x Long MU Daily ETF is trading 15.7% higher today as information technology and chip stocks rebound following last week’s rate-shock driven selloff and rotation out of growth.
- The move reflects a relief rally in high-beta semiconductors after the Nasdaq’s steep decline tied to the strong May jobs report and higher Fed hike odds.
- Broader risk assets are stabilizing as investors selectively re-enter beaten-down AI and memory names following the recent market volatility.