On July 29, Direxion Daily Semiconductors Bull 3x Shares fell 6.45% in pre-market trading, trading at $104.94/share, with turnover of $129 million.

The decline extends the broad semiconductor selloff driven by mounting concerns over AI capital expenditure sustainability. NVIDIA was reportedly planning to provide approximately $250 billion in financing guarantees for OpenAI to lease large-scale data centers under construction by SoftBank, reigniting fears of a circular financing model in AI infrastructure investment. The Philadelphia Semiconductor Index had previously plunged nearly 5%, with NVIDIA falling nearly 5% and AMD dropping approximately 8%, pushing chip stocks to their lowest levels in over two months. Although NXP Semiconductor reported better-than-expected Q2 results, it still fell over 4% after hours, underscoring investor anxiety over large-scale AI investment return timelines.

The fund invests at least 80% of its net assets in financial instruments that provide 3X daily leveraged exposure to an index tracking the thirty largest U.S. listed semiconductor companies. The fund is non-diversified.

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