BULZ is trading at $34.76, down 6.32%, as renewed concerns about returns on heavy AI investment pressured technology and semiconductor shares overnight, despite recent earnings optimism.

  • Meta’s higher AI-spending outlook added to infrastructure-cost worries, while Tesla’s reduced capital-spending forecast disappointed investors.
  • Asian chip stocks weakened alongside U.S. futures; Nasdaq futures were down 1.75%, consistent with pressure on the leveraged technology ETF.
  • Escalating Middle East tensions and higher oil prices compounded broader risk aversion.