2x leveraged AI server ETF SMCX plunges 22% as underlying SMCI stock drops amid AI demand concerns.
The Defiance Daily Target 2X Long SMCI ETF (SMCX), which uses swaps to double daily returns on Super Micro Computer (SMCI) stock, fell 22% on June 5, 2026, following an 11% drop in SMCI shares. This decline was driven by Broadcom's weaker-than-expect...
