Direxion Daily Semiconductor Bull 3X Shares is trading 2.8% up today as semiconductor and broader information technology names stabilize following a sharp, AI-capex-driven tech rotation earlier in the week.
- Traders are bargain-hunting in high-beta chip stocks after Oracle’s heavy AI infrastructure spending plans triggered valuation fears and a pullback in growth tech.
- The move is amplified by the fund’s 3x leverage and a relatively constructive broader equity tone, with the S&P 500 and Dow modestly higher even as the Nasdaq lags.