Movement Alert|Direxion Daily Semiconductors Bull 3x Shares Rises 6.59% in Pre-Market Trading, NVIDIA Q2 Revenue of $96.2B Beats Expectations Boosting Semiconductor Sector

Market Focus
Aug 27

On August 27, Direxion Daily Semiconductors Bull 3x Shares rose 6.59% in pre-market trading, trading at $124.92/share, with turnover of $16.72 million.

On the news front, NVIDIA released its FY2027 Q2 earnings after the prior session close: revenue reached $96.2 billion, up 106% year-over-year, exceeding market expectations of $92.38 billion. Adjusted earnings per share came in at $2.22, beating consensus by 5.7%. Data center revenue hit $89 billion, surging 117% year-over-year, driven by Blackwell Ultra infrastructure volume ramp. NVIDIA rose 4.44% in after-hours trading, lifting the broader semiconductor sector. The fund's triple-leverage mechanism further amplified the upside move.

The fund invests at least 80% of its net assets in financial instruments that provide 3X daily leveraged exposure to the PHLX Semiconductor Index, a modified float-adjusted market capitalization-weighted index tracking the thirty largest U.S. listed semiconductor companies. The fund is non-diversified.

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