On July 20, Direxion Daily MU Bull 2X Shares rose 8.26% in pre-market trading, trading at $29.349/share, with turnover of $24.32 million.

On the news front, the storage sector extended its recovery following a sharp selloff triggered by South Korea's Financial Services Commission tightening regulations on single-stock leveraged ETFs. Underlying stock Micron Technology rose approximately 3% in pre-market trading, while peer SK Hynix gained over 4%.

SK Group Chairman Chey Tae-won publicly stated that AI chip demand is expected to surge 60%-100% next year compared to this year, with storage demand growth reaching 50%-60%, while the supply side has virtually no substantial capacity expansion plans, suggesting the supply-demand gap will continue widening. Additionally, Micron recently signed strategic agreements with Qualcomm, Harman, and five other key automotive ecosystem suppliers, locking in long-term supply and reinforcing medium-to-long-term growth expectations. As a 2x leveraged ETF, the product's structural characteristics further amplified the underlying asset's rebound magnitude.

(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.)