GraniteShares 2x Long MRVL Daily ETF is trading 9.7% up today as Marvell Technology rallies on renewed optimism around AI-related semiconductor demand and data-center infrastructure.

  • As a 2x leveraged vehicle tied to MRVL, the ETF is amplifying underlying gains, leading to an outsized move versus the broader, only modestly positive equity market.
  • The rebound follows recent volatility in semiconductor names, with investors rotating back into AI-chip plays after strong AI server and networking commentary boosted sentiment across the sector.