• GraniteShares 2x Long MU Daily ETF is trading 5.8% up today, largely driven by strong sentiment surrounding AI-driven memory demand and an anticipated positive outlook for Micron Technology ahead of its Q3 2026 earnings report on June 24.
  • Micron (MU), the underlying stock for MULL, is experiencing robust demand for its high-bandwidth memory (HBM) chips, with capacity reportedly sold out through 2026, contributing to significant pricing power.
  • The broader semiconductor sector continues to benefit from sustained enthusiasm for AI infrastructure and recent developments, including Intel’s manufacturing alliance with Apple.