On June 30, Direxion Daily Technology Bull 3x (TECL) rose 5.32% in regular trading, trading at $223.84/share, with turnover of $40.21 million.
On the news front, the global power semiconductor industry has entered a new upcycle characterized by simultaneous price increases and supply shortages. Leading manufacturers including Infineon and multiple domestic firms announced price hikes of 10%-25% effective July 1, marking Infineon's second adjustment this year. Mainstream power device lead times have extended beyond 30 weeks, with some manufacturers stating that AI-related power supply orders are completely full.
The surge in AI data center power consumption is driving power supply architecture upgrades to 800V HVDC, with power semiconductor content per AI server increasing over 8x compared to traditional servers. Combined with new energy vehicle and photovoltaic storage expansion, three demand vectors are resonating to drive the sector higher. The fund's 3x leveraged mechanism further amplified gains.
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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