On June 25, Direxion Daily MU Bull 2X Shares rose 33.78% in regular trading, trading at $1186.73/share, with turnover of $1.64 billion. The leveraged ETF amplified Micron Technology's post-earnings rally driven by a record-setting quarterly report.
Micron's fiscal Q3 results massively beat expectations: EPS surged over 12x year-over-year and exceeded consensus by 22%, revenue grew more than 3x year-over-year and topped estimates by 16%, while gross margin reached 84.9% — more than double the prior year. Core data center revenue hit a new high, rising 6.5x year-over-year and beating expectations by nearly 70%. NAND revenue came in roughly 30% above forecasts.
Critically, Micron's Q4 revenue guidance of approximately $50 billion far exceeded the market consensus of roughly $43.5 billion, with EPS guidance also 22% above expectations. Management stated AI-driven supply tightness will persist beyond 2027, with no clear timeline for supply to meet demand. The company has secured 16 long-term customer agreements and $22 billion in cash deposits, reinforcing its structural positioning in the AI storage supercycle. As a 2x leveraged product, this ETF amplified Micron's approximately 16% stock price gain.
(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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