Direxion Daily Semiconductor Bull 3X Shares is trading 8.3% up today as U.S. equity futures, particularly the Nasdaq, recover from a sharp technology and semiconductor selloff triggered by hotter CPI data and AI valuation concerns.
- Risk appetite is improving across the information technology sector ahead of the upcoming U.S. PPI release, lifting leveraged semiconductor ETFs.
- The rebound occurs despite ongoing headwinds from elevated inflation, Middle East tensions, and valuation pressure on high-growth AI plays.