On October 8, Direxion Daily MU Bull 2X Shares rose 8.05% in regular trading, trading at $37.895/share with turnover of $9.43 billion. The leveraged ETF's surge is linked to Micron Technology's intraday performance, with the volatility amplification effect of leveraged products particularly pronounced.
The catalyst stems from Micron's $600 million patent settlement agreement with Netlist, which resolves pending legal risks. The five-year licensing deal covers server DIMMs and High Bandwidth Memory technologies, with Micron paying $30 million quarterly from Q4 2026 through Q3 2031. This removes a significant overhang while leveraged funds aggressively position for continuation of the storage super cycle.
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