Stock Track | Direxion Daily MU Bull 2X Shares Soars 5.52% Intraday on Memory Chip Price Surge Forecast

Stock Track

02/02

Direxion Daily MU Bull 2X Shares (MUU) surged 5.52% during intraday trading on Monday, reflecting strong bullish sentiment for the leveraged exchange-traded fund that tracks Micron Technology Inc.

The sharp rise comes after market researcher TrendForce raised its price forecasts for conventional memory chips, expecting DRAM contract prices to jump by 90% to 95% in the first quarter of 2026 compared to the previous quarter. As Micron Technology is a leading manufacturer of memory chips, this anticipated price surge is seen as a significant positive catalyst for the company's revenue and profitability, directly driving gains in the MUU ETF which aims to deliver twice the daily performance of Micron's stock.

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