On August 13, Direxion Daily MU Bull 2X Shares rose 8.2% in regular trading, trading at $30.955/share, with turnover of $475 million. The leveraged ETF tracks Micron Technology at 2x exposure, with the underlying stock gaining over 3% to $939.16 in the same session.

On the news front, JPMorgan's latest Q2 holdings disclosure revealed Micron Technology as its single largest buy, with total position market value increasing 16% quarter-over-quarter to $1.81 trillion, signaling top-tier institutional conviction in the AI hardware supply chain. Citigroup and Deutsche Bank also materially increased their Micron stakes during Q2. Separately, UBS maintained a Buy rating on Micron with a $1,625 target price, citing tighter-than-expected HBM supply-demand dynamics, while Mizuho reiterated an Outperform rating, characterizing recent pullbacks as entry opportunities.

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