On July 27, Direxion Daily Technology Bull 3X Shares rose 5.44% overnight, trading at $184.5/share, with turnover of $137,200.

On the news front, the leveraged tech ETF rebounded as markets gradually digested bearish earnings from Alphabet and Tesla released earlier. Both companies reported negative free cash flow due to surging AI capital expenditures, triggering a nearly $800 billion single-day market cap wipeout across the Magnificent Seven on July 24 and a 5.29% drop in this ETF. As selling pressure subsided, investors shifted focus to positive signals including Google Cloud revenue growth of 82% year-over-year and Alphabet overall revenue up 24% beating expectations. The broader consensus that the AI infrastructure investment cycle remains in expansion further supported the technical recovery from oversold levels.

The fund invests at least 80% of its net assets in financial instruments that provide 3X daily leveraged exposure to the Technology Select Sector Index, including swap agreements, index securities, and ETFs tracking the index. It is non-diversified.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)