On July 24, Direxion Daily Semiconductors Bear 3x Shares rose 8.43% in regular trading, trading at $49.77/share, with turnover of $824 million.

On the news front, TSMC plans to raise wafer fabrication prices for both advanced and mature process nodes in 2027, with increases of up to 10%. Additionally, the company will impose a 10% to 15% surcharge on new high-performance computing chip orders that exceed client forecasts, intensifying market concerns over so-called chip inflation. Wall Street strategists have warned that South Korean DRAM export prices have surged 370% year-over-year, far exceeding historical cycle peaks, raising fears that rising costs could pressure the sustainability of the AI boom.

The broader semiconductor sector extended its recent sell-off, with the triple-leveraged long semiconductor ETF falling over 5% during the same session. Hong Kong and A-share semiconductor boards have collectively declined in recent sessions, transmitting pessimistic sentiment to U.S. markets. Combined with aggressive profit-taking following a period of extreme volatility — the sector had plunged over 32% in seven trading days before a sharp rebound — the bearish 3x leveraged ETF amplified gains via its inverse mechanism.

The fund invests at least 80% of net assets in financial instruments providing 3X daily inverse exposure to an index tracking the thirty largest U.S. listed semiconductor companies.

(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.)