On August 7, Direxion Daily Semiconductors Bear 3x Shares fell 8.09% in regular trading, trading at $41.8/share, with turnover of $638 million. As a triple-leveraged inverse product, its sharp decline reflects significant intraday strength across the semiconductor sector.
On the news front, the global semiconductor equipment industry outlook continues to brighten. SEMI (Semiconductor Equipment and Materials International) recently forecast that global semiconductor manufacturing equipment sales will reach $165.9 billion in 2026, up 23.2% year-over-year and hitting a record high, with sales expected to climb to $229.5 billion by 2028, marking five consecutive years of growth. AI capital expenditure is transmitting along the supply chain from data centers to chips to fabs to equipment, intensifying investment demand.
Earlier on August 1, Japan's third round of semiconductor export controls on China officially took effect, covering advanced packaging equipment for the first time, which had previously driven this ETF up over 16%. The ongoing pullback reflects post-oversold recovery in the sector and renewed bullish sentiment fueled by robust AI computing demand.
The fund invests at least 80% of net assets in financial instruments providing 3X daily inverse exposure to an index tracking the thirty largest U.S. listed semiconductor companies.
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