🔴 Direxion Daily MU Bull 2X Shares is trading 4.1% down today on Broadcom-led AI chip selloff

Direxion Daily MU Bull 2X Shares is trading 4.1% down in after-hours following a sharp 14–15% drop during the regular session, driven by a broader selloff in AI semiconductor stocks.

• The decline follows a negative reaction to Broadcom’s earnings and AI outlook, which prompted widespread profit-taking in high-valuation names like Micron Technology.
• As a leveraged ETF providing 2x daily exposure to Micron, the fund is experiencing amplified downside volatility relative to the broader market indices.