Direxion Daily AMD Bear 1X Shares is trading at $2.95 (-3.6%) as underlying AMD shares strengthen following news of strategic expansion and a broader market rally.

  • AMD shares are gaining momentum on reports of the MEXT acquisition and a partnership with Samsung, creating downward pressure on this inverse ETF.
  • Broader equity markets are also firmer, with the Nasdaq rising as investor risk appetite improves across the tech sector.