On July 6, Direxion Daily Technology Bull 3x rose 5.55% overnight, trading at $206.0/share, with turnover of $215,100.
On the news front, the global semiconductor industry is experiencing a full supply-chain price increase wave, with nearly 20 analog and power semiconductor companies launching a new round of price adjustments. The scope of price hikes has expanded from memory to logic chips, analog chips, and foundry services, with industry participants declaring a semiconductor super cycle has begun. Simultaneously, SEMI data showed Q1 global semiconductor equipment shipments reached $36.55 billion, a record single-quarter high with 14% year-over-year growth. Samsung and SK Group jointly disclosed long-term investment plans exceeding 480 trillion KRW, with Samsung committing 203 trillion KRW to semiconductor cluster construction and SK Hynix allocating 110 trillion KRW to AI memory production lines. SEMI has also raised its full-year global front-end semiconductor equipment market growth forecast from 16.5% to 23.5%, corresponding to a market size of $152.2 billion. The convergence of pricing power shifting upstream, record capital expenditure commitments, and supply-side constraints reinforces the structural uptrend in the broader technology sector.
The fund invests at least 80% of its net assets in financial instruments providing 3X daily leveraged exposure to a technology sector index, including swap agreements, index securities, and ETFs tracking the index. It is non-diversified.
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