On July 14, Direxion Daily MU Bull 2X Shares rose 11.63% in regular trading, trading at 731.59 USD/share, with turnover of 433 million USD.

The rally was driven by a broad technical rebound across the memory chip sector following consecutive sharp selloffs. U.S.-listed memory stocks collectively rebounded, with SK Hynix rising over 3%, SanDisk and Seagate Technology also gaining, and underlying stock Micron Technology recovering. Previously, the global top three memory giants collectively announced massive capacity expansion plans — Samsung and SK Hynix with combined investment of 880 billion USD, plus Micron's 250 billion USD domestic investment plan — triggering deep market concerns over long-term industry overcapacity. The ETF had plunged over 15% in a single session, and the accumulated repair momentum from steep short-term declines was released during regular trading. Additionally, Micron announced a 500 million USD strategic financing deal with GlobalWafers and a 10-year silicon wafer supply agreement, signaling management confidence in AI-driven storage demand. As a 2x leveraged ETF, the leverage mechanism further amplified the underlying asset rebound.

(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.)