Movement Alert|Direxion Daily Semiconductors Bull 3x Shares Overnight Rise 7.33%, NVIDIA Q2 Revenue Beats Expectations Boosting Semiconductor Sector

Market Focus
Aug 27

On August 27, Direxion Daily Semiconductors Bull 3x Shares rose 7.33% overnight, trading at $125.47/share, with turnover of $7.2185 million.

On the news front, NVIDIA reported fiscal Q2 results after the bell: revenue came in at $96.2 billion, up 106% year-over-year, surpassing the consensus estimate of $92.38 billion; adjusted earnings per share reached $2.22, beating expectations by 5.7%. Data center revenue hit $89 billion, up 117% year-over-year, driven by Blackwell Ultra infrastructure volume ramp. NVIDIA shares surged 4.44% in after-hours trading, lifting the broader semiconductor sector. The fund's triple-leverage mechanism further amplified the upside move.

The fund invests at least 80% of its net assets in financial instruments that provide 3X daily leveraged exposure to a rules-based, 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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