Direxion Daily Semiconductor Bull 3X Shares is trading at $241.01 (+2.90%) in extended trading. The surge in semiconductor stocks is driven by Intel's new 18A-P process node entering risk production and AMD's potential CPU manufacturing talks with Samsung. Additionally, analysts upgraded Micron and Applied Materials amid an ongoing memory chip supply crunch and strong AI infrastructure spending. This rebound occurs despite Federal Reserve hawkishness signaling fewer rate cuts and pressuring broader risk assets.