GraniteShares 2x Long MU Daily ETF is trading 6.4% up today as the information technology and semiconductor sectors bounce back following several days of sharp AI-related selling.
- Traders are bargain-hunting in high-beta chip names like Micron, providing a lift to leveraged vehicles tracking the space.
- The broader Nasdaq and tech complex are stabilizing despite lingering concerns over heavy AI capital expenditure at firms such as Oracle.
- This recovery helps the ETF recoup a portion of this week’s steep losses caused by recent volatility among AI and technology leaders.