Direxion Daily AMD Bear 1X Shares is trading 3.4% down today as its underlying stock, Advanced Micro Devices (AMD), gains momentum following the announcement of the MEXT acquisition and reports of a Samsung foundry partnership.
- AMD's acquisition of MEXT is a strategic move aimed at enhancing AI-driven memory optimization, strengthening its position in the high-performance computing market.
- Market sentiment is further bolstered by reports that AMD is in talks with Samsung regarding a potential foundry partnership to expand its manufacturing capabilities.
- This single-stock inverse ETF is facing downward pressure early in the June 17, 2026, session as investors react to the bullish developments for the chipmaker.