On July 30, Direxion Daily Technology Bull 3X Shares rose 10.22% in regular trading, trading at $173.17/share, with turnover of $43.48 million.

On the news front, Meta disclosed its Q2 earnings after market close on July 29, with revenue slightly beating expectations. Its AI-driven advertising product Advantage+ reached an annualized revenue run rate of $75 billion, validating the tangible contribution of AI investment to its core advertising business.

The ETF had previously suffered consecutive sharp declines after Alphabet and Tesla reported negative free cash flow due to surging AI capital expenditures — Alphabet's single-quarter capex hit $44.9 billion (doubling year-over-year) while Tesla's capex surged 142% to $5.8 billion. With Meta's results partially confirming AI commercialization progress, the tech sector staged a technical rebound from oversold conditions, with the 3x leverage amplifying upside volatility.

The fund invests at least 80% of its net assets in financial instruments that provide 3X daily leveraged exposure to the Technology Select Sector Index, including swap agreements, index securities, and ETFs tracking the index. It is non-diversified.

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