On July 22, Direxion Daily Semiconductors Bull 3x Shares declined 5.06% overnight, trading at 150.49 USD/share, with turnover of approximately $471 million.

On the news front, TSMC plans to raise advanced and mature process wafer fabrication prices by up to 10% starting in 2027, with an additional 10% to 15% surcharge on high-performance computing chip orders exceeding initial forecasts. The move aims to offset rising costs from materials, manufacturing equipment, and overseas fab construction. Wall Street strategists warned that Korean DRAM export prices have surged 370% year-over-year, far exceeding historical cycle peaks, raising concerns that chip inflation could pressure the sustainability of the AI boom.

Additionally, the ETF had surged nearly 15% in the prior session driven by bullish industry forecasts and oversold recovery, making overnight profit-taking a contributing factor to the pullback.

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. The fund is non-diversified.

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