On July 23, Direxion Daily Semiconductors Bull 3x Shares declined 5.25% in regular trading, trading at $157.39/share, with turnover of $1.56 billion.
On the news front, TSMC plans to raise foundry prices for both advanced and mature process nodes by up to 10% starting in 2027, with an additional 10% to 15% surcharge on new high-performance computing chip orders that exceed client forecasts. The move has intensified chip inflation concerns across global markets. 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 escalating costs could pressure the AI boom.
Meanwhile, Hong Kong and A-share semiconductor stocks saw broad-based declines during their sessions, with names such as Hua Hong Semiconductor dropping over 7%, transmitting bearish sentiment to U.S. markets. The selloff was compounded by profit-taking following the ETF's sharp rally of nearly 15% earlier in the week. The fund provides 3x daily leveraged exposure to the thirty largest U.S. listed semiconductor companies.
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