Movement Alert|Direxion Daily Technology Bull 3X Shares Rises 5.13% in Pre-Market Trading, NVIDIA Q2 Earnings Beat Expectations Boosting Tech Sector

Market Focus
Aug 27

On August 27, Direxion Daily Technology Bull 3X Shares rose 5.13% in pre-market trading, trading at $202.9/share, with turnover of $36,000.

On the news front, NVIDIA reported fiscal year 2027 Q2 earnings after the prior session close that significantly exceeded market expectations, driving broad strength across the technology sector. Specifically, NVIDIA posted revenue of $96.2 billion, up 106% year-over-year and surpassing the consensus estimate of $92.38 billion. Adjusted earnings per share came in at $2.22, representing 120% year-over-year growth. Data center revenue reached $89 billion, powered by strong demand for Blackwell Ultra infrastructure. NVIDIA shares rose over 5% in after-hours trading, lifting the broader tech sector. As a 3x leveraged ETF tracking the technology index, the fund's built-in leverage mechanism amplified the underlying sector rebound.

The fund invests at least 80% of its net assets in financial instruments that provide 3X daily leveraged exposure to a domestic technology sector index, including swap agreements, index securities, and ETFs. It is non-diversified.

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