On July 23, Direxion Daily MU Bull 2X Shares rose 5.44% in pre-market trading, trading at $36.08/share, with turnover of $21.12 million.

On the news front, Tesla CEO Elon Musk stated during the quarterly earnings call that Micron Technology recently allocated a very significant volume of memory chips to Tesla under very reasonable supply terms, further validating the tight supply-demand dynamics in the memory chip sector. Concurrently, Korean semiconductor stocks staged a sharp rebound, with the KOSPI index surging over 5%, SK Hynix rising more than 8%, and Samsung Electronics gaining 5.6%. The Korean president requested financial regulators to swiftly take necessary measures regarding single-stock leveraged ETFs, helping ease market panic stemming from earlier regulatory tightening.

As a 2x leveraged ETF, the product design inherently amplifies the price movement of its underlying asset Micron Technology, resulting in a more pronounced pre-market gain.

(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.)