🔴 GraniteShares 2x Long MRVL Daily ETF is trading 36.4% down today on Marvell profit-taking and macro-driven tech sell-off

GraniteShares 2x Long MRVL Daily ETF is trading 36.4% down as investors unwind leveraged exposure to Marvell Technology and the broader AI/semiconductor complex following a parabolic multi-day rally.

• Profit-taking in Marvell Technology follows earlier AI optimism, compounded by a broad tech-led risk-off move and rising rate expectations after strong May jobs data.
• With the Nasdaq Composite dropping over 4%, high-beta leveraged products like MVLL are amplifying the downside as traders de-risk ahead of a potentially more hawkish Federal Reserve path.