Direxion Daily MU Bull 2X Shares is trading at $827.54 (-8.2%) as a broad semiconductor and AI-tech selloff intensifies following Broadcom’s disappointing outlook.
- The move is driven by sympathy selling across the chip sector, with Micron facing pressure from sector rotation and the ETF's exposure amplifying the downward trend.
- Broader pre-market weakness in NASDAQ futures and risk assets is reinforcing the decline, with tech sentiment remaining fragile after the previous session’s sharp selloff.