Defiance Daily Target 2X Long AMAT ETF is trading at $29.02 (+11.51%) as it extends a semiconductor-led rebound tied to strength in Applied Materials.
- The move aligns with a broader chip rally, with AI-focused semiconductor stocks remaining in favor and market sentiment staying constructive for growth names.
- Market notes indicate the move is a sector momentum event rather than a fund-specific catalyst, building on an earlier 8.95% gain as the rebound continued.