Movement Alert|Direxion Daily MU Bull 2X Shares Surges 35.24% in Pre-Market Trading, Driven by Micron Blowout Q3 Earnings

Market Focus16:15

On June 25, Direxion Daily MU Bull 2X Shares (MUU) surged 35.24% in pre-market trading, trading at $1215.70/share, with turnover of approximately $76.68 million. The leveraged ETF amplified the sharp rally in underlying Micron Technology following its record-breaking fiscal Q3 results.

Micron reported fiscal Q3 revenue of $41.46 billion, up 346% year-over-year and far exceeding the analyst consensus of $35.69 billion. Adjusted EPS came in at $25.11, beating estimates by over 22%. Adjusted gross margin reached a historic 84.9%, surpassing major tech peers. Net income soared nearly 15-fold to $28.24 billion.

Guidance was equally impressive: Micron expects fiscal Q4 revenue of $49-51 billion versus consensus of $43.2 billion, and adjusted EPS of $30-32 versus expectations of $25.31. CEO Sanjay Mehrotra stated that AI-driven demand across all end markets, combined with structural supply constraints, will keep memory supply tight beyond 2027. Micron shares rose over 16% in after-hours trading, triggering broad rallies across storage and semiconductor names globally.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment