On July 30, Direxion Daily Technology Bull 3X Shares rose 8.11% in pre-market trading, trading at $162.5/share, with turnover of $1.6067 million.
On the news front, Meta disclosed Q2 earnings after market close on July 29, with revenue slightly beating expectations. Its AI-powered advertising product Advantage+ reached an annualized revenue scale of $75 billion, validating the tangible commercial impact of AI investment on core advertising operations. The ETF had previously suffered consecutive sharp declines after Alphabet and Tesla reported negative free cash flow due to surging AI capital expenditures — Alphabet posted $44.9 billion in single-quarter capex (doubling year-over-year) with negative $5.9 billion free cash flow, while Tesla capex surged 142% to $5.8 billion with negative $1.09 billion free cash flow. As Meta's results partially confirmed AI commercialization progress, the tech sector staged a technical rebound from oversold levels, with the 3x leverage amplifying upside volatility.
The fund invests at least 80% of its net assets in financial instruments providing 3X daily leveraged exposure to a technology sector index, including swap agreements, index securities, and ETFs tracking the index. It is non-diversified.
(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.)
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