Direxion Daily Semiconductor Bull 3X Shares is trading 10.3% down today as higher-for-longer rate expectations following U.S. CPI and real earnings data hit growth and semiconductor names.
- Rising Treasury yields and a broad risk-off move are pressuring the information technology sector and leveraged chip ETFs.
- With major indices like the NASDAQ trading lower and AI-related leaders like NVIDIA under pressure, leveraged semiconductor exposure is amplifying the sector's downside move.