🔴 Direxion Daily Semiconductor Bull 3X Shares is trading 5.5% down today on hotter CPI data and rising rate expectations

Direxion Daily Semiconductor Bull 3X Shares is trading at $170.13, down 5.5% in after-hours trading as a hotter-than-expected U.S. CPI print and rising rate expectations drive a selloff in technology and chip stocks.

• Investors are reassessing expensive AI and semiconductor valuations following Oracle’s capex-heavy AI outlook.
• The broader information technology sector remains under pressure as the CPI data triggers a rotation out of growth and high-duration names.
• The downward move reflects continued volatility in leveraged semiconductor instruments heading into the June 11 trading session.