On July 13, Direxion Daily MU Bull 2X Shares declined 11.84% in regular trading, trading at $633.09/share, with turnover of $347 million.

On the news front, the three global memory chip giants collectively accelerated capacity expansion, with Samsung and SK Hynix committing a combined $880 billion in investment, alongside Micron Technology's own $250 billion domestic investment plan through 2035, triggering deep market concerns over medium-to-long-term overcapacity in the memory chip industry. Additionally, SK Hynix's ADR listing on Nasdaq on July 10 with a $26.5 billion offering—the largest foreign company US listing—created significant capital diversion pressure on existing memory stocks.

The underlying stock Micron Technology fell 5.91% intraday, having retreated over 26% from its high of $1,255, firmly entrenched in a technical bear market. Renowned short seller Michael Burry's previously established short position remains open, intensifying bull-bear divergence. As a 2x leveraged ETF, the inherent leverage effect further amplified the magnitude of the pullback.

(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.)