On October 8, GraniteShares 2x Long MU Daily ETF rose 8.14% in Regular Trading, trading at $26.405/share, with Turnover of $136 million.

The move was driven by a confluence of positive catalysts for Micron Technology, the underlying asset of the leveraged ETF. TrendForce upwardly revised its 2027 HBM price outlook, projecting a blended average selling price annual increase of 121%, as AI server demand continues to outpace supply amid competition for advanced wafer capacity. This supply tightness is further exacerbated by the ramp of higher-priced HBM4 and HBM4e products in the second half of 2027.

Adding to the bullish narrative, Micron's CEO disclosed during the earnings call that the company has signed 26 long-term agreements, locking in approximately $150 billion in long-term orders, and stated that the storage market supply-demand balance will be even tighter in 2027 and 2028 than in 2026. These factors collectively fueled capital inflows into leveraged products seeking amplified exposure to the storage sector's upside.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)