Direxion Daily Semiconductor Bull 3X Shares is trading 10.2% down today as information technology and semiconductor names extend yesterday’s sharp Nasdaq reversal.
- Traders are de-risking ahead of the key U.S. CPI release at 8:30 a.m. EST, with index futures and global equities trending lower.
- A continued unwind in high-beta AI and chip plays is weighing heavily on leveraged semiconductor ETFs as the broader tech sell-off intensifies.