MUU is trading 2.9% up today as Micron Technology and the broader semiconductor sector stabilize following a period of intense selling.
- The 2x leveraged ETF is seeing a relief rally after a massive -26.28% drop on June 23, 2026, amid a broader tech rout.
- Investors are engaging in dip-buying and pre-earnings positioning, looking for validation of the AI memory demand narrative.
- The upcoming earnings report is viewed as a binary event that could determine the near-term trajectory for the semiconductor complex.