On June 5, Direxion Daily MU 2x Bull ETF (MUU) declined 5.02% in after-hours trading, trading at $859.0/share, with trading volume of approximately $77.36 million. The decline follows a broader semiconductor sector selloff during the regular session.
The drop was driven by a sector-wide rout triggered by Broadcom's quarterly earnings report, in which the company delivered strong results but declined to raise its fiscal year 2027 AI revenue guidance beyond the previously stated target of over $100 billion. Broadcom fell over 12% during Thursday's session, dragging the Philadelphia Semiconductor Index down more than 4%. Micron Technology, the underlying stock for this leveraged ETF, fell approximately 7.74% with trading volume of $53.6 billion during the regular session, losing the $1,000 price level. As a 2x leveraged product tracking Micron, MUU amplified the downside movement in after-hours trading as selling pressure persisted.
(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.)
Comments