On June 4, GraniteShares 2x Long MRVL Daily ETF declined 10.95% in regular trading, trading at $181.27/share with trading volume of $207 million. The 2x leveraged Marvell Technology tracker experienced amplified selling pressure as the underlying stock pulled back following its historic surge earlier this week.

The correction follows Marvell Technology's record 32.5% single-day rally on June 3, triggered by Nvidia CEO Jensen Huang calling the chipmaker \"the next trillion-dollar company\" at Computex in Taipei. Marvell's market cap had surged past $250 billion, adding approximately $62.4 billion in a single session. Nvidia invested $2 billion in Marvell earlier this year to build a broader partnership.

Marvell recently reported Q1 FY2027 revenue of $2.42 billion (up 28% YoY), raised full-year revenue guidance to approximately $11.5 billion, and set its FY2028 target at $16.5 billion driven by what management described as \"exceptionally strong\" AI-related orders. As a 2x leveraged product, MVLL amplifies both gains and losses of the underlying MRVL stock, making it particularly sensitive during post-rally correction phases.

(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.)