These AXT ETFs Turned a 30% Stock Rally Into Nearly 50% Returns
Leveraged ETFs tied to AXT surged as much as 49% Friday after the semiconductor supplier's AI-driven earnings beat and bullish guidance sent shares soaring.
AXT stock jumped 30% on good news, but special funds that bet extra hard on AXT grew almost 50% instead—these funds use borrowed money to multiply gains (and losses). When a company does really well, these multiplier funds can make bigger jumps, but they also fall faster when things go wrong.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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