Direxion Daily Semiconductor Bull 3X Shares is trading 2% higher in pre-market action as the broader information technology and semiconductor complex extends last week’s powerful rebound.
- Tech-heavy Nasdaq and AI-related chip names were lifted by Nvidia’s record $25 billion bond sale and buyback plan, signaling strong corporate confidence.
- Improving risk sentiment following the U.S.–Iran peace agreement and the reopening of the Strait of Hormuz is providing a significant tailwind for growth stocks and leveraged semiconductor ETFs.