On October 12, Direxion Daily Semiconductors Bear 3x Shares rose 8.32% in regular trading, trading at $37.2402 per share, with turnover of $902 million.

The inverse leveraged ETF gained as the semiconductor sector faced broad selling pressure. Tower Semiconductor fell 5.18%, Micron Technology dropped 4.41%, Advanced Micro Devices declined 2.20%, Intel lost 2.87%, and Marvell Technology slipped 1.93%.

Market sentiment was further dampened by reports that Microsoft is preparing to deploy multiple gigawatts of chips in data centers, prompting concerns over AI hardware valuations and renewed hedging activity in bearish semiconductor instruments.

The fund seeks daily inverse leveraged exposure to an index tracking the thirty largest U.S.-listed semiconductor companies.

(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.)