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Leveraged ETFs soared as CIFR, SMCI, RIOT and ONDS stocks rallied sharply.
Middle East tensions lifted oil, while AI spending fears dragged down major tech stocks.
Crypto, AI infrastructure and defense themes dominated last week's ETF winners.
Wall Street delivered a downbeat performance last week. The S&P 500 lost 0.6%, the Dow Jones retreated about 0.4%, and the Nasdaq Composite plunged 2.1%. The renewed tensions in the Middle East, an oil price rally, solid big bank earnings and a tech crash amid AI investment worries were the key highlights of the last week.
Gulf Tensions
The U.S.-Iran war intensified in recent days, while shipping disruptions are worsening across two of the world's most important oil transit routes. Traffic through the Strait of Hormuz has plunged, and Houthi attacks in the Red Sea have threatened another key export corridor for Middle Eastern crude.
As a result, Brent crude ETF United States Brent Oil Fund LP BNO added 8% last week. However, the United States paused its strikes against Iran over the weekend. Iran reportedly said it would halt its attacks as long as the U.S. pause in hostilities remains in effect, as quoted on CNBC.
Solid Big Bank Earnings
Geopolitical tensions remain in place, and markets have been on a volatile ride — yet the largest banks of the United States continued to post strong results. While retail investors may find the volatility unsettling — particularly those needing to liquidate equities or seeking quick gains — Wall Street banks are benefiting.
Strong trading activity, resilient consumer spending, healthy loan demand, good capital market activity, higher investment banking fees and a pickup in artificial intelligence (AI)-driven capital markets activity have fueled optimism.
Tech Crash
Roundhill Magnificent Seven ETF (MAGS - Free Report) lost about 6% last week as renewed worries related to the payoffs of massive AI investments bother investors. Alphabet and Tesla bore the brunt of the decline.
Although Alphabet delivered strong revenue growth and highlighted a growing cloud-services backlog, investors focused on its sharply higher AI infrastructure spending, triggering a sell-off in the stock.
Tesla also faced the same concern. Ross Gerber of investment firm Gerber Kawasaki said Elon Musk faces a long road in turning Tesla Inc.'s Optimus into a commercial success, noting that humanoid robots remain difficult to develop and are unlikely to generate meaningful revenues anytime soon, per Benzinga, as quoted on Yahoo Finance.
Winning Leveraged ETFs in Focus
Against the above-mentioned backdrop, below we highlight a few winning leveraged ETFs of the last week.
CIFR-Heavy ETFs
T-REX 2X Long CIFR Daily Target ETF (CIFU - Free Report) – Up 64.2%
Leverage Shares 2X Long CIFR Daily ETF (CIFG - Free Report) – Up 63.9%
Cipher Digital (CIFR - Free Report) surged 23.2% last week, boosting its leveraged ETFs. The company is into Bitcoin mining and high-performance computing (HPC) as well as AI data centers. Shares of bitcoin miners surged last week after Hut 8 (HUT) and IREN (IREN) announced billions of dollars in new contracts, as quoted on Coindesk.
SMCI-Heavy ETFs
Defiance Daily Target 2X Long SMCI ETF (SMCX - Free Report) – Up 49.1%
GraniteShares 2x Long SMCI Daily ETF (SMCL - Free Report) – Up 48.6%
Super Micro Computer (SMCI - Free Report) shares and related ETFs surged following a massive Q4 fiscal 2026 business update on July 22, 2026. The stock jumped 23.5% last week.
RIOT-Heavy ETFs
Defiance Daily Target 2X Long RIOT ETF (RIOX - Free Report) – Up 47.6%
Riot Platforms (RIOT - Free Report) jumped about 19% last week. The recent surge in it is driven by the company’s strategic expansion into AI data centers, major deals, and strong Bitcoin balance sheet tailwinds.
ONDS-Heavy ETFs
Tradr 2X Long ONDS Daily ETF (ONDU - Free Report) – Up 40.8%
Defiance Daily Target 2X Long ONDS ETF (ONDL - Free Report) – Up 40.6%
Ondas Inc (ONDS - Free Report) shares surged more than 18% last week. The company recently secured $70 million in new orders across its defense and autonomous technology platform.
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Image: Bigstock
5 Best-Performing Leveraged ETFs of Last Week
Key Takeaways
Wall Street delivered a downbeat performance last week. The S&P 500 lost 0.6%, the Dow Jones retreated about 0.4%, and the Nasdaq Composite plunged 2.1%. The renewed tensions in the Middle East, an oil price rally, solid big bank earnings and a tech crash amid AI investment worries were the key highlights of the last week.
Gulf Tensions
The U.S.-Iran war intensified in recent days, while shipping disruptions are worsening across two of the world's most important oil transit routes. Traffic through the Strait of Hormuz has plunged, and Houthi attacks in the Red Sea have threatened another key export corridor for Middle Eastern crude.
As a result, Brent crude ETF United States Brent Oil Fund LP BNO added 8% last week. However, the United States paused its strikes against Iran over the weekend. Iran reportedly said it would halt its attacks as long as the U.S. pause in hostilities remains in effect, as quoted on CNBC.
Solid Big Bank Earnings
Geopolitical tensions remain in place, and markets have been on a volatile ride — yet the largest banks of the United States continued to post strong results. While retail investors may find the volatility unsettling — particularly those needing to liquidate equities or seeking quick gains — Wall Street banks are benefiting.
Strong trading activity, resilient consumer spending, healthy loan demand, good capital market activity, higher investment banking fees and a pickup in artificial intelligence (AI)-driven capital markets activity have fueled optimism.
Tech Crash
Roundhill Magnificent Seven ETF (MAGS - Free Report) lost about 6% last week as renewed worries related to the payoffs of massive AI investments bother investors. Alphabet and Tesla bore the brunt of the decline.
Although Alphabet delivered strong revenue growth and highlighted a growing cloud-services backlog, investors focused on its sharply higher AI infrastructure spending, triggering a sell-off in the stock.
Tesla also faced the same concern. Ross Gerber of investment firm Gerber Kawasaki said Elon Musk faces a long road in turning Tesla Inc.'s Optimus into a commercial success, noting that humanoid robots remain difficult to develop and are unlikely to generate meaningful revenues anytime soon, per Benzinga, as quoted on Yahoo Finance.
Winning Leveraged ETFs in Focus
Against the above-mentioned backdrop, below we highlight a few winning leveraged ETFs of the last week.
CIFR-Heavy ETFs
T-REX 2X Long CIFR Daily Target ETF (CIFU - Free Report) – Up 64.2%
Leverage Shares 2X Long CIFR Daily ETF (CIFG - Free Report) – Up 63.9%
Cipher Digital (CIFR - Free Report) surged 23.2% last week, boosting its leveraged ETFs. The company is into Bitcoin mining and high-performance computing (HPC) as well as AI data centers. Shares of bitcoin miners surged last week after Hut 8 (HUT) and IREN (IREN) announced billions of dollars in new contracts, as quoted on Coindesk.
SMCI-Heavy ETFs
Defiance Daily Target 2X Long SMCI ETF (SMCX - Free Report) – Up 49.1%
GraniteShares 2x Long SMCI Daily ETF (SMCL - Free Report) – Up 48.6%
Super Micro Computer (SMCI - Free Report) shares and related ETFs surged following a massive Q4 fiscal 2026 business update on July 22, 2026. The stock jumped 23.5% last week.
RIOT-Heavy ETFs
Defiance Daily Target 2X Long RIOT ETF (RIOX - Free Report) – Up 47.6%
Riot Platforms (RIOT - Free Report) jumped about 19% last week. The recent surge in it is driven by the company’s strategic expansion into AI data centers, major deals, and strong Bitcoin balance sheet tailwinds.
ONDS-Heavy ETFs
Tradr 2X Long ONDS Daily ETF (ONDU - Free Report) – Up 40.8%
Defiance Daily Target 2X Long ONDS ETF (ONDL - Free Report) – Up 40.6%
Ondas Inc (ONDS - Free Report) shares surged more than 18% last week. The company recently secured $70 million in new orders across its defense and autonomous technology platform.