On July 27, Direxion Daily Semiconductors Bull 3x Shares rose 8.92% overnight, trading at $149.27/share, with turnover of $12.776 million.
On the news front, Samsung Electronics, SK Hynix, and US tech giants including NVIDIA and Broadcom reached a chip cooperation framework agreement valued at approximately $950 billion over the weekend. Specifically, SK Group will supply $750 billion worth of long-term advanced memory chips to US companies including NVIDIA, with bilateral cooperation between SK Group and NVIDIA exceeding $500 billion, covering HBM memory supply and AI data center co-development. Samsung Electronics signed a five-year $200 billion memorandum of understanding with Broadcom, covering advanced memory and sub-2nm foundry services. The historic scale of the deal signals a deepening alignment between Korean memory chip leadership and US AI computing demand.
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.
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