Direxion Daily AMD Bear 1X Shares is trading 3.5% down today as AMD and related AI-chip peers remain supported by resilient equity sentiment ahead of the June 3 Services PMI release and key semiconductor earnings.
- The inverse ETF is under pressure as continued optimism toward AI chips and a firm broader market drive the price lower from yesterday’s close of $3.13 toward a pre-market range of $2.99–$3.02.
- As a bear product designed to move inversely to AMD, the fund is seeing a decline in value as its underlying asset gains ground.
- Investors are maintaining a risk-on stance in the semiconductor sector, further weighing on inverse instruments across the technology space.