On August 27, Direxion Daily Semiconductors Bull 3x Shares rose 6.01% in regular trading, trading at $124.15/share, with turnover of $1.119 billion.
On the news front, NVIDIA released its FY2027 Q2 earnings report: revenue reached $96.2 billion, up 106% year-over-year, exceeding the market consensus estimate of $92.38 billion. Adjusted earnings per share came in at $2.22, beating expectations by 5.7%. Data center revenue was $89 billion, up 117% year-over-year, driven by the ramp-up of Blackwell Ultra infrastructure. NVIDIA rose 4.44% following the report, lifting the broader semiconductor sector. As a 3x leveraged fund tracking the PHLX Semiconductor Index, the fund's triple leverage mechanism further amplified the rally magnitude.
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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