LQQ.PA is trading at €8.70, down 3.63%, reflecting amplified weakness in large-cap U.S. technology following disappointing earnings from major Nasdaq-100 components.
- The move follows a slump in the underlying index driven by lackluster results from Alphabet and Tesla, alongside growing investor concern over heavy AI-related capital expenditure.
- As a 2x leveraged product, the ETF is magnifying modest tech-sector softness into a significant downside move even as broader U.S. indices remain relatively flat.