On July 27, Direxion Daily Semiconductors Bull 3x Shares rose 8.16% in pre-market trading, trading at $147.16/share, with turnover of $32.15 million.

The rally was primarily driven by a landmark cooperation framework agreement reached over the weekend between Samsung Electronics, SK Hynix, and US tech giants NVIDIA and Broadcom, totaling approximately $950 billion in value. Specifically, SK Group committed to long-term advanced memory chip supply worth $750 billion to US firms, with SK-NVIDIA bilateral cooperation exceeding $500 billion covering HBM memory supply and AI data center co-development. Samsung signed a five-year $200 billion MOU with Broadcom covering advanced storage and sub-2nm foundry services.

Additionally, strong semiconductor earnings momentum provided further support, with multiple companies reporting quadruple-digit profit growth. Semiconductor-themed ETFs also recorded over $1 billion in net inflows over the past week, signaling renewed capital interest in the sector.

The fund invests at least 80% of its net assets in financial instruments that provide 3X daily leveraged exposure to an index tracking the thirty largest U.S. listed semiconductor companies.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)