On July 22, Direxion Daily Semiconductors Bull 3x Shares declined 6.86% in pre-market trading, trading at approximately $147.59/share, with turnover of $70.95 million.

On the news front, TSMC has begun discussions with clients to raise chip manufacturing prices by up to 10% in 2027 across both advanced and mature process nodes, with an additional 10%-15% surcharge on new high-performance computing orders exceeding forecasts. Wall Street strategists warned that Korean DRAM export prices have surged 370% year-over-year, far exceeding historical cycle peaks, intensifying concerns that chip inflation could impose significant cost pressure on the AI boom.

Additionally, the ETF had rallied nearly 15% in the prior trading session driven by bullish industry forecasts and AI product launches, making the current pullback partly attributable to profit-taking as investors locked in gains.

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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