🔴 Direxion Daily MU Bull 2X Shares is trading 4.6% down today on semiconductor and AI-chip selloff

Direxion Daily MU Bull 2X Shares is trading lower at $691.95, representing a 4.6% drop after a volatile week for the semiconductor sector.

• The move is driven by a continued selloff in semiconductor and AI-chip stocks following a disappointing market reaction to Broadcom’s revenue guidance.
• High-growth tech names are facing additional pressure from rising interest rate expectations after a much-stronger-than-expected U.S. jobs report.