Direxion Daily MU Bull 2X Shares is trading 5.0% lower in after-hours following a steep 15.4% decline during the regular session on June 4, 2026. The drop is driven by two main factors:
- A broad AI semiconductor selloff was sparked by Broadcom’s disappointing AI outlook, which pressured memory chip stocks. [6, 7, 8, 13]
- Micron Technology also saw its stock fall after announcing a shift to lock in customers with new long-term supply contracts, a move some investors fear could cap future upside if memory prices continue to climb. [1]
- As a 2X leveraged instrument, the Direxion Daily MU Bull 2X Shares experienced amplified losses relative to the underlying Micron stock.