Direxion Daily MU Bull 2X Shares is trading at $800.00 (-11.26%) as a disappointing revenue outlook from Broadcom triggers a broad selloff across the semiconductor sector.
- The decline in the memory-chip complex is being magnified by the ETF's 2x leveraged structure tied to Micron.
- Broader market pressure is weighing on growth stocks, with the Nasdaq down 1.18% as investors rotate out of high-valuation technology names.