L8I7.DE is trading about 3.8% down as the 2x leveraged Nasdaq-100 ETF recalibrates following a sharp technology selloff and ongoing AI-related capex concerns.
- The decline follows disappointing earnings from Alphabet and Tesla, which sparked volatility across mega-cap technology stocks.
- While broader U.S. indices are modestly higher today, the ETF's leverage is magnifying moves in the underlying Nasdaq-100 after recent outsized declines.
- The instrument remains under pressure as investors reassess the technology sector's valuation following the recent surge in capital expenditure related to artificial intelligence.