NVDU is trading 4.4% down today as the prior Micron- and Qualcomm-driven AI-chip rebound loses momentum and early strength in Nasdaq 100 futures fades intraday.
- Traders are unwinding leveraged NVIDIA exposure following a sharp upside move tied to Micron’s blowout earnings and renewed AI optimism.
- Broader technology sector softness and profit-taking across semiconductor names are weighing on the 2x leveraged ETF.