On July 28, Direxion Daily Semiconductors Bull 3x Shares declined 11.21% in regular trading, trading at $111.945/share, with turnover of $1.729 billion.

On the news front, NVIDIA's $750 billion AI deal reignited market concerns over the sustainability of AI capital expenditure circular financing logic. The Philadelphia Semiconductor Index plunged nearly 5%, with NVIDIA dropping approximately 5% and AMD falling around 8%. The sell-off extended globally, as Korea's KOSPI index crashed over 10%, Samsung Electronics fell 13.39%, and SK Hynix declined 14.65%. Additionally, TSMC's planned price hikes of up to 10% on advanced and mature node wafer fabrication for next year, along with 10-15% surcharges on new high-performance computing orders exceeding forecasts, amplified chip inflation fears. As a 3x leveraged ETF tracking the thirty largest U.S. semiconductor companies, the fund's volatility was significantly magnified relative to the underlying index movement.

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

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