ORCX is trading 3.7% down today as leveraged exposure to high-beta growth and AI-related equities continues to amplify losses following a global technology selloff.
- The ETF is reacting to an intense rout in semiconductors and megacap technology stocks driven by growing concerns over AI profitability.
- Losses are being exacerbated by the fund's leveraged structure despite modest gains in major U.S. indices earlier this morning.
- Market sentiment remains pressured by the potential for future interest rate hikes, which could further impact growth-oriented sectors.