Direxion Daily MU Bull 2X Shares is trading at $960.26 (+15.60%) as investors rotate into risk assets following easing geopolitical tensions and lower oil prices.

  • The underlying Micron Technology (MU) stock surged amid strong AI-related demand and significant analyst price target upgrades from firms like TD Cowen and Royal Bank of Canada.
  • A U.S.–Iran peace framework agreement reduced global oil prices and improved inflation and interest rate expectations, creating a broad market risk-on backdrop.
  • As a 2x leveraged Micron ETF, the fund is significantly amplifying the underlying stock’s rally and broader semiconductor sector optimism.