On June 29, Direxion Daily Technology Bull 3x (TECL) rose 5.29% in pre-market trading, trading at $209.52/share, with turnover of $528,100. This follows a 6.01% decline on June 26 when the semiconductor sector broadly weakened.

On the news front, the global power semiconductor industry is entering a new upcycle characterized by simultaneous price hikes and shortages. Industry sources stated that AI-related power supply orders are completely full with capacity unable to keep up, while mainstream power device lead times have extended beyond 30 weeks. Multiple domestic manufacturers have announced 10%-15% price increases effective July 1, marking a second round of adjustments following overseas leaders earlier this year.

Three major demand drivers are resonating: surging AI data center power consumption, adoption of 800V high-voltage platforms in new energy vehicles, and photovoltaic energy storage expansion. Semiconductor silicon wafer price signals continue to strengthen alongside power device repricing, lifting overall tech sector sentiment. The 3x leverage mechanism further amplifies the rebound magnitude.

The fund invests at least 80% of its net assets in financial instruments providing 3X daily leveraged exposure to a technology sector index, and is non-diversified.

(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.)