On October 8, Direxion Daily Semiconductors Bull 3x Shares declined 5.23% in pre-market trading, trading at $150.5/share, with Turnover of $145 million.

The move reflects a technical pullback after a sustained rally driven by expectations for proxy AI demand across semiconductor names. Earlier this week, Mizuho analysts highlighted that growing adoption of agentic AI would significantly lift CPU, DRAM, and NAND bit shipments, supporting broader chip demand. The ETF had posted sharp gains in prior sessions, including a weekly rise above 22% in late September and a 9% overnight surge on October 1, amplifying profit-taking pressure through its 3x daily leveraged structure.

The fund invests at least 80% of its net assets in financial instruments that provide 3X daily leveraged exposure to the index, which tracks the thirty largest U.S.-listed semiconductor companies. The fund is non-diversified.

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