The GraniteShares 2x Long MSFT Daily ETF (MSFL) fell to $22.73, down 5.80% as of 3:40 PM ET on November 15th, amid a broad selloff in technology stocks. Microsoft, a key component of the Nasdaq 100, faced pressure as the index headed for its first five-day losing streak since January, with a 2.8% decline on Friday. The tech sector was hit hard by rising Treasury yields and hawkish comments from Federal Reserve Chair Jerome Powell, who indicated no rush to cut interest rates. This sentiment shift led to a significant retreat in mega-cap stocks, including Microsoft, which contributed to a $510 billion loss in market capitalization among the U.S.'s six most valuable companies. Additionally, Microsoft was named in a lawsuit by Elon Musk against OpenAI, adding to the negative sentiment.