Direxion Daily Semiconductor Bull 3X Shares is trading 33% down today as investors dump high-growth tech following stronger-than-expected U.S. jobs data and a hawkish shift in Federal Reserve rate expectations.
- The decline extends a multi-day semiconductor and AI-led selloff triggered by Broadcom’s revenue miss and cautious AI outlook, which dragged the Nasdaq sharply lower.
- Stronger economic data has fueled concerns that the Fed may maintain higher interest rates for longer, placing significant pressure on leveraged semiconductor products.
- The move reflects broader risk-off sentiment across the information technology sector as investors recalibrate expectations for high-growth valuations.