LITX is trading at $31.57, down 7.28%, as doubts about returns on heavy AI spending pressure optical-networking shares. - LITX provides 2× daily exposure to Lumentum, amplifying the impact of optical-networking weakness. - Chinese memory-chip competition has also weighed on chip stocks and related optical-networking names. - September CPI was 3.7% year over year, above the 3.6% expectation; futures turned negative and Treasury yields rose after the release, pressuring growth-sensitive shares amid broader inflation-related risk aversion.