On July 21, Direxion Daily MU Bull 2X Shares rose 14.15% in regular trading, trading at $32.75/share, with turnover of $350 million.

On the news front, the memory storage sector extended its recovery following a sharp selloff triggered by South Korea's Financial Services Commission tightening regulations on single-stock leveraged ETFs. Underlying stock Micron Technology rose over 4% during the same session, while peer SK Hynix gained more than 5%.

SK Group Chairman Choi Tae-won publicly stated that AI chip demand next year is expected to surge 60% to 100% year-over-year, with overall memory demand growth reaching 50% to 60%, while the supply side has virtually no substantive capacity expansion plans, indicating a widening supply-demand gap. Additionally, Saudi and other Middle Eastern sovereign AI investment entities have recently begun negotiations with Korean memory manufacturers on medium-to-long-term procurement plans. As a 2x leveraged ETF, the product's structural characteristics further amplified the underlying asset's rebound magnitude.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)