On July 13, Direxion Daily MU Bull 2X Shares (MUU) fell 5.31% overnight, trading at $707.0/share, with turnover of $29.15 million.

On the news front, the three global memory chip giants collectively announced aggressive capacity expansion within a short period. Samsung and SK Hynix committed a combined $880 billion in investment, while Micron Technology unveiled a $250 billion domestic investment plan targeting production through 2035. The sheer scale of combined capital expenditure has intensified market concerns over mid-to-long-term overcapacity in the memory chip sector.

The underlying stock Micron Technology has now retreated more than 20% from its high of $1,255, entering a technical bear market. Notable short-seller Michael Burry reportedly maintains an open short position established earlier, reflecting persistent bearish conviction. As a 2x leveraged ETF, the fund structurally amplifies the magnitude of the underlying decline, exacerbating selling pressure during periods of sustained weakness.

(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.)