🔴 Direxion Daily MU Bull 2X Shares is trading 14.7% down today on Micron-led AI chip selloff

Direxion Daily MU Bull 2X Shares is trading 14.7% down today as AI and semiconductor stocks sell off following Broadcom’s latest earnings reaction.

• Broadcom’s revenue miss and lack of a higher AI revenue target have triggered profit-taking across AI chips, including Micron, reversing a prior multi-day rally.
• As a 2x leveraged ETF, the fund is highly sensitive to Micron Technology’s price movements and broader sentiment within the semiconductor industry.