Direxion Daily MU Bull 2X Shares is trading 3.1% up today as Micron Technology (MU) rebounds in pre-market trading alongside a recovery in Nasdaq and tech futures.
- The ETF is bouncing back after a significant multi-day selloff fueled by broader semiconductor weakness and concerns regarding AI capital expenditures.
- Due to its 2x daily leverage, the fund is seeing an outsized move as chip sector sentiment stabilizes despite ongoing macro pressures and interest rate concerns.