Movement Alert|Direxion Daily Technology Bull 3X Shares Rises 5.32% in Pre-Market Trading, Tech Giants Earnings Beat and Surging AI Capex Ignite Sector Rally

Market Focus08-04 18:50

On August 4, Direxion Daily Technology Bull 3X Shares rose 5.32% in pre-market trading, trading at $190.31/share, with turnover of $362,000.

On the news front, earnings from major tech giants including Microsoft, Meta, and Amazon collectively exceeded expectations, while AI capital expenditure was further raised, fueling a broad-based technology sector rally. Microsoft's Azure cloud business grew 43% year-over-year, its fastest pace since 2022, while simultaneously lowering capital expenditure guidance — signaling a transition from investment to monetization. Meta posted quarterly revenue of $60.8 billion, up 28% year-over-year, and raised full-year capex guidance. Amazon's AWS revenue grew 37% year-over-year, the fastest in 18 quarters, with the company raising total capital spending to $220 billion for the full year.

As a 3x leveraged ETF tracking a U.S. technology sector index, the fund invests at least 80% of its net assets in financial instruments including swap agreements and securities of the index that provide 3X daily leveraged exposure to domestic technology companies.

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