On June 10, GraniteShares 2x Long MU Daily ETF (MULL) declined 8.2% in regular trading, trading at $605.02/share, with trading volume of approximately $189 million.

On the news front, storage concept stocks collectively weakened in the session, with underlying stock Micron Technology falling over 3% in pre-market amid a broader semiconductor selloff. The decline extends a turbulent period for Micron, which saw its stock plunge over 13% on June 6 after a SemiAnalysis report revealed that NVIDIA reduced modular memory capacity in its next-generation Vera Rubin server racks from 55TB to 28TB, sparking fears of slowing AI infrastructure demand. While analysts later clarified the reduction stemmed from supply-side packaging yield constraints rather than weakening end demand, sentiment remained fragile.

As a 2x leveraged product tracking Micron's daily returns, MULL amplifies the underlying stock's movements. Micron, which briefly surpassed a $1 trillion market cap in late May before retreating over 20% from its all-time high, traded at $935.89 on June 9 with record-high turnover of $67.5 billion, suggesting ongoing institutional repositioning amid conflicting signals on AI memory demand.

(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.)