Key Highlights

  • Corgi CAMT 2x Daily ETF fell 21.32% to $10.04 as screened on Friday, October 23, 2026, implying Camtek fell about 10.7% (calculated).
  • ProShares Ultra SK hynix rose 9.49% to $11.77 as SK hynix rebounded about 4.4% after an 8.1% drop.
  • Lam Research closed down 11.76% on Thursday, October 22, KLA 9.55% and Applied Materials 8.16%.
  • Compounding Arm's six sessions at 2x gives about minus 23.18% against minus 11.73% for the stock (calculated).
  • Rambus and Amkor-linked funds face reports on October 26, and SK hynix reports October 28 or 29.

Which AI and Semiconductor ETFs Moved Most After the Chip Equipment Sell-Off?

Most of nine screened funds moved with Thursday's chip sell-off, which hit equipment makers after Lam Research (NASDAQ:LRCX) closed down 11.76% on October 22. Corgi CAMT 2x Daily ETF (CBOE:CAMC) fell 21.32% to $10.04 and Corgi RMBS 2x Daily ETF (CBOE:RMBC) 15.20%. Corgi AMAT 2x Daily ETF (CBOE:APMI) lost 16.14%, Corgi ARM 2x Daily ETF (CBOE:ARMA) 14.71%, Corgi NVTS 2x Daily ETF (CBOE:NVTC) 14.44% and Corgi ASML 2x Daily ETF (CBOE:ASMZ) 13.76%.

Memory funds split by direction: ProShares Ultra SK hynix (NYSEARCA:SKHU) rose 9.49%, T-REX 2X Long AXTI Daily Target ETF (CBOE:AXTU) 9.29% and Tradr 2X Short SK hynix Daily ETF (CBOE:SKHN) fell 10.05%. Implied stock moves below are calculated and approximate.

Corgi CAMT 2x Daily ETF: Why Did CAMC Fall 21.32% After Record Camtek Numbers?

CAMC implies a Camtek (NASDAQ:CAMT) decline near 10.7% (calculated). No company news was identified for the session, and the latest items were positive: third-quarter revenue of $160 million to $161 million, up 27%, a fourth-quarter outlook near $180 million and a 2027 view above $800 million. Camtek makes wafer inspection equipment and reports on November 4. CAMC held only about $151.02 thousand in assets.

Corgi AMAT 2x Daily ETF: Does APMI Track Applied Materials' 8.16% Drop?

APMI fell 16.14% to $8.64, close to twice the 8.16% closing drop of Applied Materials (NASDAQ:AMAT) at $375.58 on October 22 (about 16.3%, calculated). That followed record fiscal third-quarter revenue of $9.12 billion and a fourth-quarter outlook near $10.25 billion. KLA (NASDAQ:KLAC) fell 9.55% on Thursday. After a 16.14% loss APMI needs about 19.2% to recover (calculated). Applied reports on November 12.

Corgi ASML 2x Daily ETF: Why Did a Record Quarter Not Stop ASMZ Falling 13.76%?

ASMZ matches ASML's 6.93% fall to $1,560.54 on October 22 (halving implies about 6.88%). ASML (NASDAQ:ASML) had reported net sales of about 11.7 billion euros and guided fourth-quarter sales to 14.2 billion to 15.2 billion euros, so the fall tracked the equipment group rather than company news. Over six sessions the stock fell 5.43%, while 2x compounding gives about minus 11.15% (calculated). ASML goes ex-dividend on October 27.

Corgi ARM 2x Daily ETF: How Did Arm's 11.73% Slide Become a Far Larger Fund Loss?

ARMA matches the 7.28% close drop in Arm Holdings (NASDAQ:ARM) to $210.10 on October 22. Arm has fallen 11.73% since October 14, when a jury found for Arm on four claims in its dispute with Qualcomm (NASDAQ:QCOM). Compounding six sessions at 2x gives about minus 23.18% before fees, nearly twice the stock's decline (calculated). Assets were well under $1 million, and Arm reports on November 4 after the close.

Corgi RMBS 2x Daily ETF: Why Is RMBC Down 15.20% Before Rambus Reports?

RMBC implies Rambus (NASDAQ:RMBS) fell about 7.6% (calculated). The memory interface chip maker guided third-quarter revenue to $210 million to $216 million, only 2.7% above the second quarter at the midpoint (calculated), and fell about 10.8% after its first-quarter report. It reports after the close on October 26. A 10.8% stock drop would mean roughly a 21.6% fund drop (calculated).

Corgi NVTS 2x Daily ETF: What Is Behind NVTC's 14.44% Fall as Navitas Slips?

NVTC matches Navitas Semiconductor's (NASDAQ:NVTS) 7.31% drop to $8.49 on October 22, with no company news. The power chip maker guided third-quarter revenue to $13.5 million, a return to year-over-year growth, after second-quarter revenue of $10.5 million. Compounding its last six sessions at 2x gives minus 19.36% against minus 9.24% for the stock (calculated). Assets were very small, and Navitas reports November 3.

Tradr 2X Short SK hynix Daily ETF: Why Did SKHN Lose 10.05% While SKHU Gained 9.49%?

SK hynix (NASDAQ:SKHY) rose about 4.4% to $137.44 after an 8.1% drop on Thursday, October 22, as Korea's KOSPI fell more than 3% on AI spending worries. SKHN, which began trading on July 27, 2026 and charges 1.49%, implies a stock gain near 5%. SKHU implies about 4.7%. The company reports October 28 or 29 and analysts expect record operating profit near 76.964 trillion won.

T-REX 2X Long AXTI Daily Target ETF: Why Did AXTU Gain 9.29% After a 35% Slide?

AXTU implies AXT (NASDAQ:AXTI) rose about 4.6% (calculated), after the fund closed at $31.14 on October 13 and lost about 35% since (calculated). AXT makes indium phosphide wafers used in optical lasers, and second-quarter revenue was $47.6 million, up from $18.0 million. Optical peers fell in step on October 14 and 15. AXTU charges 1.50%, the highest of the AXT funds on the screen.

AI and Semiconductor ETFs Compared: How Do Implied Moves and Fund Losses Line Up?

Against twice Thursday's closes (calculated), APMI's 16.14% compares with 16.32%, ASMZ's 13.76% with 13.86%, ARMA's 14.71% with 14.56% and NVTC's 14.44% with 14.62%, all within 0.2 percentage point. That suggests the screen reflects the October 22 session.

Recovery needs differ: CAMC needs about 27.1%, APMI about 19.2% and RMBC about 17.9% (calculated). Six-session 2x compounding was minus 23.18% for ARMA, minus 19.36% for NVTC and minus 11.15% for ASMZ, against stock declines of 11.73%, 9.24% and 5.43%.

What to Watch Next: Rambus, SK hynix, Camtek, Arm and Applied Materials Reports

Rambus reports on October 26, the Federal Reserve decides October 28 and SK hynix reports October 28 or 29. Navitas follows on November 3, Camtek and Arm on November 4, and Applied Materials on November 12. Leveraged funds reset daily, so each date can produce outsized swings.